Today, Netflix announced that it has reached an agreement to acquire Warner Bros., including HBO Max, HBO, its film, television, and gaming studios, for $82.7 billion. As you may recall, Warner Bros. Discovery was formed following the merger of AT&T’s WarnerMedia division with Discovery, which was announced on May 17, 2021, and officially completed on April 8, 2022. Around a year ago, however, WBD executives decided to split the division into two separate units: the more profitable Streaming & Studios and the less profitable Global Linear Networks, with the split expected to be complete by mid-2026. Ever since that announcement, […]
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