Netflix, Warner Bros.
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Jacobin on MSNOpinion
The Warner-Netflix Deal Is Worse Than You Think
Netflix is after far more than the Warner Bros. movie studio — it wants to destroy cinema as we know it.
Netflix announced it will buy Warner Bros. in a $72-billion deal that includes ownership of iconic properties like Harry Potter and the DC Universe.
The competition between Netflix and Paramount Skydance to acquire the studio is haunted by the ghosts of mergers past.
The deal stands to remake Hollywood, reshape global streaming, and thrust Netflix into a newly dominant position across film, television, and digital media.
"Hey, you know, it's probably irresponsible for us not to actually bid on this and bid on it in a disciplined way," Greg Peters told CNBC.