The offer, which is worth $82.7 billion including debt and comes with a $5.8 billion break-up fee from Netflix, is likely to face strong antitrust scrutiny
Netflix has "a very big market share, and when they have Warner Bros, you know, that share goes up a lot," the president said, adding that he will be personally involved in the decision-making process
Netflix's planned acquisition of Warner Bros., including its film and television studios, HBO Max and HBO, could intensify competition for India's broadcaster-led and regional streaming platforms
Much of the entertainment capital fears that Netflix's deal will lead to more job losses and theater closings and fewer boundary-pushing movies
The Multiplex Association of India (MAI) on Saturday raised its concerns over Netflix's proposed acquisition of Warner Bros Discovery, saying that it poses a direct competition and economic threat to India's theatrical and broader film economy. The Acquisition of Warner Bros, one of the world's leading studios, by a dominant streaming platform that has historically deprioritised theatrical releases, poses a direct economic threat to India's broader film economy, MAI said in a statement. On Friday, Netflix said it has struck a deal with Warner Bros Discovery to buy the legacy Hollywood giant's studio and streaming business for USD 72 billion. The cash-and-stock deal also includes its namesake television and motion picture division, Warner owns HBO Max streaming services and DC Studios. The transaction is expected to close after Warner separates Discovery Global into a new, publicly traded company in the third quarter of 2026. MAI President Kamal Gianchandani said the Indian theatric
Netflix's deal to acquire Warner Bros, one of Hollywood's oldest movie studios, poses seismic shifts to the entertainment industry and the future of moviegoing. As one of the remaining big five studios, the 102-year-old Warner Bros is an essential part of movie theatre business. The studio currently boasts three of the top five earning films domestically, including A Minecraft Movie in first place, Superman and Sinners, as well as the Oscar frontrunner, One Battle After Another. There are more questions than answers about how ownership from a streaming giant would change things for Warner Bros. It's not even clear if it will pass antitrust scrutiny, or, if it does, what the details will look like. Here are some things to know, and lingering questions, in the wake of the news. Will Warner Bros. continue releasing movies in theatres? Yes, but it might change as well. For starters, it'll be at least 12 to 18 months before the deal officially goes through and moviegoers can expect ..
By choosing Netflix, Warner Bros. has jilted another bidder, Paramount Skydance Corp., a move that risks touching off a political battle in Washington
The worries raised by the movie and TV industry's biggest trade groups come against the backdrop of falling movie and TV production, slack ticket sales and steep job cuts in Hollywood
Netflix's multibillion-dollar pledge is also a sign of how heated the bidding war got for control of the iconic Hollywood studio
Netflix is aggressively diversifying beyond its core subscription model to drive new revenue streams
Netflix has stopped supporting casting from its mobile app to most TVs and streaming devices, directing users to the native TV app instead, while keeping limited support for older hardware
Last week, Warner Bros asked bidders to submit improved offers by December 1 after receiving preliminary buyout bids from Paramount Skydance, Comcast and Netflix
Indian users across Tier-I cities, including New Delhi, Mumbai, Bengaluru, Hyderabad, and Kolkata, also reported problems with the app
The submissions meet a Nov. 20 deadline for a first round of bids set by the board of Warner Bros. Discovery, the parent of HBO, CNN and the Warner Bros. movie and TV studios
Warner Bros. said it would evaluate strategic options last month after receiving interest in all or part of the business from multiple suitors. The first round of bids are expected today
The Mexican auteur has made 13 films in his career, beginning 1993 with Cronos in Spanish
Streamer Netflix on Saturday announced a collaboration with Yash Raj Films (YRF) to bring a selection of the studio's popular titles to audiences around the world. Under the partnership, a curated line-up of YRF films will roll out in phases to mark special occasions, festivals and cinematic milestones, allowing fans in over 190 countries to enjoy the studio's celebrated works. To mark superstar Shah Rukh Khan's 60th birthday, nine of his most memorable films -- including "Dilwale Dulhania Le Jayenge", "Mohabbatein", "Dil To Pagal Hai", "Veer-Zaara" and "Chak De! India" -- will begin streaming from Saturday. Similarly, three Salman Khan blockbusters -- "Ek Tha Tiger", "Sultan" and "Tiger Zinda Hai" -- will be available from December 27, coinciding with his 60th birthday. From November 14, audiences can revisit YRF classics such as "Chandni", "Kabhi Kabhie", "Vijay", "Lamhe" and "Silsila". A collection of actor Ranveer Singh's popular titles -- "Band Baaja Baaraat", "Ladies vs Ric
Owning Warner Bros' studio business would give Netflix control over some of Hollywood's most successful stories and characters, including the Harry Potter and DC Comics franchises
The Delhi High Court on Thursday granted time to IRS officer Sameer Wankhede, actor Shah Rukh Khan-owned Red Chillies Entertainment and OTT platform Netflix to file their written submissions in a defamation suit relating to the series 'The Ba***ds of Bollywood'. Wankhede has filed a defamation suit against Red Chillies and Netflix for allegedly maligning his reputation in their series and has also sought Rs 2 crore in damages, which he wants donated to the Tata Memorial Cancer Hospital for cancer patients. Justice Purushaindra Kumar Kaurav asked the parties to file their written submissions and listed the matter for hearing on November 10. On October 8, the high court issued notices and summons to defendants Red Chillies Entertainment Private Limited, Netflix, X Corp (formerly Twitter), Google LLC, Meta Platforms, RPSG Lifestyle Media Private Limited and John Doe in the defamation suit and asked them to file their replies within seven days. As an interim relief, Wankhede has also .
Experts say Warner Bros Discovery's potential sale or restructuring will not have a major effect on India, where its presence remains relatively small and partnership-driven