How Netflix Won Hollywood’s Biggest Prize: Warner Bros Discovery
– Netflix’s $72 billion acquisition of Warner Bros Discovery’s TV, film studios, and streaming services marks a pivotal moment.
– The move positions Netflix to leverage Warner Bros’ extensive content library, crucial for attracting viewers.
– Increased competition from Paramount and Comcast accelerated Netflix’s bid process amid a public auction.
– Netflix’s strategic flexibility included offering a significant $5.8 billion breakup fee to assure regulatory approval.