Netflix Agrees To Purchase Warner Bros In Landmark Deal That Could Be Devastating For News Network

Watch Netflix Agrees To Purchase Warner Bros In Landmark Deal That Could Be Devastating For News Network - Rizzle on Dailymotion

Transcript

00:00Netflix agrees to purchase Warner Bros. in landmark deal that could be devastating for News Network.

00:06Netflix has announced a $72 billion deal to buy Warner Bros. studio and streaming assets,

00:12marking one of the largest entertainment mergers in history and signaling major changes ahead for

00:17the film and TV industry. The acquisition is expected to close sometime between the third

00:22quarter of 2026 and early 2027, pending regulatory approval. The News Network will

00:29not be included in the sale. Instead, it will move to a new company, Discovery Global,

00:35along with TNT Sports, Discovery Plus, and Bleacher Report. CNN's future now appears uncertain,

00:42especially after facing continued declines in TV ratings and ad revenue. The bidding process also

00:48included a major offer from Paramount, which had shown interest not only in Warner Bros., but also

00:53in CNN. Paramount is now controlled by David Ellison, the 42-year-old son of Oracle founder

00:59Larry Ellison. There were even rumors of shifting CBS's flagship news show 60 Minutes to CNN in a

01:07bid to rebrand the struggling network. Those changes will not happen now, as Netflix's purchase does not

01:13include CNN or other cable news properties. Back in 2010, then Time Warner CEO Jeff Bukes dismissed

01:21Netflix as a passing trend, famously comparing its future in the entertainment world to the Albanian

01:26army taking over the world. The company is expected to consolidate its position as a global leader in

01:32content creation and distribution, while also strengthening its subscriber base with access to

01:37fan-favorite franchises and premium film and TV brands. As for CNN and the newly formed Discovery

01:44Global, the outlook remains unclear. For now, the entertainment world will be watching closely as

01:50Netflix prepares to absorb one of Hollywood's oldest and most iconic studios.