Netflix to buy Warner Bros. and HBO
Digest more
Brokerage firm Forsyth Barr analyst Ben Crozier said the deal could have a negative affect on Sky's annual revenue, particularly from Neon subscriptions.
The massive deal could mean higher subscription prices, fewer buyers for producers and maybe another merger down the road.
This is a David and Goliath story – with a twist. Almost exactly 15 years ago today the owner of Warner Bros. and HBO pushed back on Hollywood and Wall Street hype about a streaming upstart named Netflix.
If approved, the deal would mark a seismic shift in entertainment, giving Netflix control of popular IP from the DC Universe, Harry Potter, and more. Netflix has announced that it intends to buy legendary Hollywood studio Warner Bros.