Netflix to acquire Warner Bros

Warner Bros is the owner of franchises such as Harry Potter and Game of Thrones, as well as the streaming service HBO Max.

The acquisition will lead to a radical reshaping of the U.S. film and media industry. However, experts note that competition authorities

may scrutinize the deal.warns that it may face resistance from.

WHAT WILL HAPPEN TO HBO?

Netflix and Disney executives also respondedto questions from the press regarding the acquisition agreement.

Netflix co-CEOGreg Peters, when asked whether HBOwould remain a separate streaming service, stated that the companystating that the HBO brand is important for consumers, he responded and added:

"How this offer will affect consWe think it is still too early to go into the details of how we will adapt thefirst year.On theother hand."

Meanwhile, the films produced by Warner Bros will continue to be released in theaters.It was stated that thebroadcast will continue.

Accordingly,the Warner Bros television studio will also continue to producecontent for third parties.

Netflix, on the other hand,will only produce for its own platformwill continue to produce content for China.

News Source: 12punto