Netflix announced the blockbuster deal with Warner Bros. Discovery on Friday morning. It has agreed to buy the legendary TV and movie studio and assets like the HBO Max streaming service for $72 billion.
Netflix announced the blockbuster deal with Warner Bros. Discovery on Friday morning. It has agreed to buy the legendary TV and movie studio and assets like the HBO Max streaming service for $72 billion.
Something interesting about this, that I observed from my office desk with the ever-present CNBC broadcast I am forced to endure:
CNBC is currently platforming a lot of opposing voices to this merger. A big part of the opposition I’ve witnessed them platform is a “THIS WILL KILL THE CINEMA INDUSTRY” narrative. This argument is ridiculous to me, as HBO Max is owned by Warner-Discovery, and if you recall, they pioneered the simultaneous cinema/streaming movie release.
Additionally, the Activision-Blizzard merger was larger in every way, and yet I cannot find any negative sentiment on behalf of CNBC with regard to that merger.
ActivisionBlizzard wasn’t so much of a threat to ComcastNBCUniversal as NetflixWarnerDiscoveryHBO would be.