Netflix to buy Warner Bros. and HBO Max
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HBO Max is staying put even though Netflix is buying Warner Bros. Discovery. During an internal global town hall with staff, those on the call were told that "HBO Max will stay," TheWrap has learned.
As concerns emerge about Netflix's plan to acquire Warner Bros. Discovery assets, an HBO Max subscriber sued Netflix on Monday to prevent the merger from happening.
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Netflix acquires Warner Bros. Discovery, including HBO and HBO Max, for a total enterprise value of $82.7B
Netflix’s latest deal marks a significant update in the entertainment landscape.
An HBO Max subscriber from Las Vegas has filed a class action complaint against Netflix in an attempt to block its Warner Bros. Discovery merger due to antitrust concerns and the potential of increased pricing.
An announced merger of Warner Bros Discovery and Netflix could mean huge changes for subscribers to HBO Max and Netflix in the coming months.
Rival efforts from Netflix and Paramount could upend the media industry.
If the deal goes through with intervention from the US Government, it would give Netflix access to the vast library of Warner Bros. Discovery content, including the Harry Potter and DC Comics franchises. HBO Max and all of the HBO shows are included in the package.
A major transaction has long felt inevitable. The 2022 merger saddled the company with roughly $50 billion in debt, leaving its leadership little choice but to explore a breakup or sale. If the split proceeds, WBD CEO David Zaslav would continue leading the Warner Bros. side, and Discovery Global would be led by current CFO David Wiedenfels.
"The service is set to launch in the U.K. and Ireland in early 2026, completing its European roll-out," says Warner Bros. Discovery.
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