Netflix’s $72B WB acquisition confounds the future of movie theaters, streaming

Netflix's proposed entertainment juggernaut set to face regulatory scrutiny.

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[MrMcLargeHuge]

Remember years ago when the guy running HBO said their goal was to become Netflix faster than Netflix became HBO? Well now they literally are Netflix.

 

[MrMcLargeHuge]

CNN about to become state media a la CBS News as a condition of the merger. And Last Week Tonight might just shutdown entirely because I seriously doubt Oliver stays if he's muzzled. And yet somehow this is still better than the Ellisons gaining control.

 

[MrMcLargeHuge]

CNN is not part of this merger. It's being spun off into a different company prior to the acquisition.

The part of the article about the split wasn't clear to me. So I guess Netflix is acquiring just the streaming portion. Got it, thanks for the reply.