The biggest news in the world of entertainment right now is the OTT platform Netflix officially acquiring Warner Bros, the studio known for films like Harry Potter, Barbie, Justice League, and more. Along with Warner Bros, the OTT has also bought HBO and HBO Max. This has left the film buffs with a lot of questions on many things related to the future of film releases in the theatre, and more. So here are some details on what we expect out of this acquisition. Read on for more.
Netflix’s bid to acquire Warner Bros, HBO, and HBO Max was the highest. The deal was finalised in $82.7 billion. The deal now gives Netflix control over some of the biggest Warner Bros franchises like Harry Potter, Game of Thrones, and even some more DC films. This in turn will bring more subscribers to the OTT platform. This vertical integration will also result to cost cutting in the operations, licensing, and distribution.
There is a lot of concern that has been raised around this acquisition with some believing that this is good news for the future of movie watching experience in the theatre. Here are some reactions on the same.
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