Dec 5 : Netflix has agreed to purchase Warner Bros Discovery’s TV and movie studios and streaming division for $72 billion, a deal that will hand management of one in every of Hollywood’s most prized and oldest property to the streaming pioneer that has upended the media trade.
KIM FORREST, CHIEF INVESTMENT OFFICER AT BOKEH CAPITAL PARTNERS IN PITTSBURGH
“It is tremendous attention-grabbing that the bidding got here all the way down to Netflix profitable and that lots is being centered on the streaming enterprise, which you understand is Netflix enterprise. Now I believe it will be a heavy burden to get it handed by means of the regulators, not simply in america but in addition worldwide. It’ll be a problem, however apparently the businesses suppose that they will overcome that.”
CHRIS BEAUCHAMP, CHIEF MARKET ANALYST AT IG GROUP
“Netflix is badly in want of one thing to pep up its faltering share value, however this deal won’t be it. Trade information suggests a large crossover between those who have Netflix and people with HBO Max, so the quick advantages are usually not obvious at current. Plus, the competitors angle and a possible White Home intervention loom giant. Having seen its shares rise five-fold since 2022, it appears traders need one thing extra to reenergise the inventory value.”
