Last updated: 2025-12-08 08:21:32 ET
Netflix’s blockbuster deal to buy Warner Bros., including HBO, is the latest twist in a rivalry that has reshaped the entertainment industry.
The cash-and-stock deal would give the world’s largest paid streaming service expansive power over theater owners and entertainment-industry unions.
Much of the entertainment capital fears that Netflix’s deal will lead to more job losses and theater closings and fewer boundary-pushing movies.
Netflix to buy Warner Bros.: What Wall Street thinks of the entertainment megadeal
Streaming giant Netflix said it's buying Warner Bros. Discovery in a deal that would create a global entertainment behemoth. CNN and other cable channels Warner Bros. owns are not part of the deal.
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Antitrust officials are likening the Netflix purchase of WBD to Ticketmaster buying a popular entertainment venue like Madison Square Garden.
But how much slack will the Communist Party give creators?
