Netflix has secured Warner Bros. and HBO in an $82.7 billion acquisition after a bidding war, merging a leading streaming platform with a major film and TV studio.
This deal significantly expands Netflix’s library with high-quality content.
Netflix plans to maintain Warner Bros.’ current operations and continue theatrical releases through 2029.
HBO Max will remain a separate service, with its content integrated into Netflix’s offerings.
The company expects $2-3 billion in annual cost savings by the third year and anticipates the deal will boost earnings per share by year two.
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