Description

Netflix Acquires Warner Bros. Discovery: The $72-82 Billion Streaming Mega-Merger

Netflix agreed to acquire Warner Bros. Discovery's studios and HBO for $72-82 billion. The headline says content consolidation. The business logic says something different.

In this episode:

• Why Netflix needs premium content libraries to reduce subscriber churn
• How WBD's debt load forced the sale decision
• What this deal reveals about Netflix's original programming strategy
• Potential regulatory hurdles and antitrust concerns
• What HBO, DC, and legacy IP mean for Netflix's future

Key takeaway: "This isn't about entertainment—it's about leverage, balance sheets, and who controls distribution."

Related topics: streaming consolidation, media mergers, entertainment industry news, Hollywood dealmaking, Netflix strategy

The Option is a daily intelligence briefing on the business of Hollywood. Subscribe for entertainment industry news, media M&A analysis, and streaming business insights. New episodes every weekday at 6 AM PT.