Netflix to Acquire Warner Brothers Discovery

Corporate consolidation continues apace. Netflix has announced it will be acquiring Warner Bros. Discovery. For a cool $72 Billion, the streaming service will now hold the IP for DC, Harry Potter, and a backlog of movies going back to the golden age of cinema.

The acquisition will make Netflix the largest streaming service (Prime edged them out by 1%) when merged with HBO Max.

Given the current climate, this merger will likely go through with some rubber stamping unless they want concessions from WB like muting shows critical of the current regime (e.g. Last Week Tonight with John Oliver). CBS Paramount had to bend the knee and cancel Stephen Colbert (allegedly) to get their buyout from Skydance approved.