Netflix discreetly removes Warner Bros. Discovery cable channels from its offerings.
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
Updated: 11 hour ago0mins
Warner Bros. Acquisition by Netflix: Warner Bros. is set to be acquired by Netflix for $72 billion, leading to the separation of its traditional cable assets into a new company called Discovery Global, which will include networks like CNN and TNT.
Impact on Sports Broadcasting: Discovery Global will retain significant sports broadcasting rights, including major events like the Olympics and UEFA Champions League, positioning it competitively in the sports broadcasting market.
Strategic Industry Moves: The acquisition follows a series of strategic moves in the industry, including NBCU's aggressive sports strategy and a significant NBA broadcast rights deal, which influenced the bidding landscape for Warner Bros.
Future of Streaming and Cable: The split between Warner Bros. Discovery's Global Networks and Streaming & Studios marks a significant shift in the streaming landscape, with potential implications for content availability and competition among major players.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
