Netflix has confirmed its acquisition of Warner Bros., HBO Max, and HBO for $82.7 billion, marking a significant shift in the entertainment landscape. While Netflix aims to enhance its content library and production capabilities, concerns around antitrust issues and the impact on theatrical releases have emerged. The deal, which includes cash and stock compensation for WBD shareholders, is expected to close in 12-18 months, pending regulatory approval. Both companies frame the merger as a way to deliver more diverse content to audiences worldwide.
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