Netflix and Warner Bros. deal is far from a sure thing
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The company was founded in 1997 by Reed Hastings and Marc Randolph with a simple premise: a mail-order DVD subscription service designed to eliminate the late fees charged by traditional video rental stores and shipping physical discs in its iconic red envelopes.
Colleague or colonizer? Netflix swallows Warner Bros. Discovery, and the film industry has feelings.
Well, the colony got a lot bigger early Friday when it was announced that Netflix struck a deal to purchase Warner Bros. Discovery and its studio and streaming service, including HBO Max, for a cool $72 billion.
If the deal goes through, an algorithm-powered streaming titan would gobble up a 102-year-old movie studio synonymous with the romance of old Hollywood.
It doesn't matter if you've been a good little girl or boy, Netflix is still taking some content away up the chimney this month. Here's what to watch before it's gone.