What Netflix Gains from Acquiring Warner Bros.
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The merger brings together the studios behind "Casablanca” and "The White Lotus” with a streaming giant entering live events and gaming. Netflix, the company that taught us binge-watching, is acquiring Warner Bros. for about $72 billion, thereby uniting the world’s largest streamer with one of the most storied film and television studios. The transaction, which is expected to be finalized after Warner Bros. Discovery spins off its cable networks from its studios and the HBO Max streaming business, would unite some of Hollywood’s most...
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