Netflix's $87 Billion Warner Brothers Takeover Explained

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00:00but netflix is taking over warner brothers 87 billion dollars it means a lot for movies it

00:05means a lot for streaming john it means a lot for sports so netflix goes from a giant basically to

00:13a titan the streaming universe break it down for us what does it mean for the future yeah well

00:19this deal sort of turns the whole tv world upside down you got to think back a little bit netflix

00:24once upon a time said they'd never run commercials and now they do they said they weren't interested

00:28in buying sports right and now they have the nfl games on christmas day and they just closed a big

00:34deal with major league baseball they've been running shows like quarterback receiver and formula

00:39one drive to survive so clearly they think sports is important now they also said they'd never make

00:45a big deal like this and here they go putting their money where their mouth is and buying the studio

00:50responsible for superman dirty harry casablanca not to mention hbo with the sopranos game of thrones and

00:57of course hard knocks so whatever they said yesterday it's hard to predict but clearly

01:03they're being very very aggressive and they're trying to conquer the tv world and i don't think

01:08he could conquer the tv world without taking a big chunk out of sports there's some you know reporting

01:16online it seems like john that some of the big movie theaters you know are very concerned here that

01:21they end up losing a lot of their revenue because a lot of what we see in theaters has moved over to

01:28streaming do you think that a lot more of that will happen as well well as part of their goal to try to

01:35make this deal happen they've sort of promised that they would put movies in theaters again but that

01:40hasn't been the way that they've done it mostly with their own movies they've the movies that they

01:45have promised the directors that they work with that will go into the theaters have gone to the theater

01:49for a very very short window and theater owners don't like having a movie for just two weeks they've

01:55got to turn it over it screws up all their marketing it's not hasn't been good so basically the the studio

02:01the theater owners are not big fans of netflix and netflix is going to have to try to win them over if

02:07they want to stay in the movie business

02:09you