Netflix Buying Warner Bros. Discovery

[Town Drunk]

Netflix to buy Warner Bros. Discovery in $83 billion cash-stock deal​ The largest streaming network says it will purchase Warner Bros.’ studios and streaming assets after winning a bidding war with Comcast and Paramount.

 

[Chaplin]

Very bad news.

 

[oaken1]

​

Netflix to buy Warner Bros. Discovery in $83 billion cash-stock deal​ The largest streaming network says it will purchase Warner Bros.’ studios and streaming assets after winning a bidding war with Comcast and Paramount.

So is this like, Discovery channel, awB, stuff like that?
Is Paramount part of that?

 

[Zalixar]

Very bad news.

Better than the alternative.

 

[Zalixar]

So is this like, Discovery channel, awB, stuff like that?
Is Paramount part of that?

HBO, etc

 

[Chaplin]

Better than the alternative.

I'm not sure the death of the movie theater is a good alternative either way, so yes, this is very bad news.

 

[Zalixar]

I'm not sure the death of the movie theater is a good alternative either way, so yes, this is very bad news.

Moreso the Ellisons gaining control. Theaters may be on the way out regardless. Not saying it's great, but it's one of those things where Netflix are almost considered "the good guys" in this.

 

[Chaplin]

Moreso the Ellisons gaining control. Theaters may be on the way out regardless. Not saying it's great, but it's one of those things where Netflix are almost considered "the good guys" in this.

Netflix has been going downhill for the past few years. Sure they have their occasion hit like Stranger Things, but they no longer have the market on acquisitions. Theaters aren't on the way out, at least they aren't yet. Warner Bros was actually the top studio theatrically last year, so if Netflix decides to take them 100% streaming, it will be a death knell for the industry. I'm guessing you aren't in it, but those of us that are can see very negative consequences from this.

 

[Zalixar]

Netflix has been going downhill for the past few years. Sure they have their occasion hit like Stranger Things, but they no longer have the market on acquisitions. Theaters aren't on the way out, at least they aren't yet. Warner Bros was actually the top studio theatrically last year, so if Netflix decides to take them 100% streaming, it will be a death knell for the industry. I'm guessing you aren't in it, but those of us that are can see very negative consequences from this.

I understand there's that possibility. We just don't know what they're doing. I don't think any scenario is good. I don't see any world where the Ellisons taking over even more is positive for anything. You know, the dude that wants full surveillance to ensure we citizens are on our best behavior.

 

[Chaplin]

I understand there's that possibility. We just don't know what they're doing. I don't think any scenario is good. I don't see any world where the Ellisons taking over even more is positive for anything.

Definitely a fair point.

The hope is that they will still keep the same theatrical model that Warner Bros has had traditionally. Historically, though, Netflix has shied away from theatrical release. Here's hoping the Stranger Things Finale helps change their mind on New Year's Eve. lol

 

[Zalixar]

Definitely a fair point.

The hope is that they will still keep the same theatrical model that Warner Bros has had traditionally. Historically, though, Netflix has shied away from theatrical release. Here's hoping the Stranger Things Finale helps change their mind on New Year's Eve. lol

Yes, hoping it works out as much as it can. I'm an avid theatre fan myself, as well as the general industry.

Not holding my breath though. Seems the enshitification will consume everything.

 

[MigratingOsprey]

Netflix is currently also butting heads with the major theater chains

Even something with a limited time release like the new Knives Out movie is really only being shown at a single theater in Phoenix - think it's landmark in North Scottsdale or something like that

 

[AsUpRoDiGy]

$83B? Sounds like NFLX outbid themselves

 

[Cheesebeef]

This is a disaster for theatrical movies and good content like HBO.

 

[oaken1]

HBO, etc

Oh....that can't be good.
I mean,... I could see some great possibilities...but things rarely go in the "great" direction

 

[oaken1]

Netflix has been going downhill for the past few years. Sure they have their occasion hit like Stranger Things, but they no longer have the market on acquisitions. Theaters aren't on the way out, at least they aren't yet. Warner Bros was actually the top studio theatrically last year, so if Netflix decides to take them 100% streaming, it will be a death knell for the industry. I'm guessing you aren't in it, but those of us that are can see very negative consequences from this.

Agree.
I remember the moment I realized Netflix had nose dived.
The night I tried 8 different shows in a row and not only were none in English, but none had been dubbed either.
I love me some Korean cinema and tv...but I refuse to spend my TV time reading mis translated captions... Netflix used to have the Korean stuff dubbed within a month or two of release...Alchemy of Souls is still one of my all time favorites... but I'll never get to find another if they don't go back to dubbing non English shows

 

[dreamcastrocks]

This is a disaster for theatrical movies and good content like HBO.

Educate me. Why is it a disaster for HBO content?

 

[Stout]

Gross.

 

[Weenus O'Baggins]

I love this one multiple levels. Cheaper for the consumers. Most content I watch on one channel.

Maybe some actual good GOT content, maybe some new Harry Potter content. Maybe some not absolute crap Superman movie.

 

[Weenus O'Baggins]

I assume it's all about the IP and I pretty much despise what WB has done with the big IPs in the last 4 years. Especially Supershit

 

[Cheesebeef]

The callousness which y’all show celebrate this without considering for a second the potential loss of so many jobs moving forward is much appreciated by those who livelihoods will be effected by it. But as long as you get a better Superman, what the frack do you give a crap, right?

 

[Chaplin]

The callousness which y’all show celebrate this without considering for a second the potential loss of so many jobs moving forward is much appreciated by those who livelihoods will be effected by it. But as long as you get a better Superman, what the frack do you give a crap, right?

100%

This is not good at all.

 

[Dan H]

The callousness which y’all show celebrate this without considering for a second the potential loss of so many jobs moving forward is much appreciated by those who livelihoods will be effected by it. But as long as you get a better Superman, what the frack do you give a crap, right?

Don’t really celebrate personally, just regard it as “it is what it is.”

The industry is very obviously in a state of flux. The theater experience is either miserable or a poor value proposition. I can drop $100 to take my family to the movies or I can spend 30 bucks on a 4K an we can watch in the comfort of our own home.

I’m not a fan of streaming services and prefer to own my media, but that makes me a dinosaur in a lot of ways.

 

[Zalixar]

Don’t really celebrate personally, just regard it as “it is what it is.”

The industry is very obviously in a state of flux. The theater experience is either miserable or a poor value proposition. I can drop $100 to take my family to the movies or I can spend 30 bucks on a 4K an we can watch in the comfort of our own home.

I’m not a fan of streaming services and prefer to own my media, but that makes me a dinosaur in a lot of ways.

"Hollywood" has to evolve or it will go the way of the dinosaur. That was also the case before this. Hopefully not going to bed with AI, cause that will be disastrous.

 

[Chaplin]

Don’t really celebrate personally, just regard it as “it is what it is.”

The industry is very obviously in a state of flux. The theater experience is either miserable or a poor value proposition. I can drop $100 to take my family to the movies or I can spend 30 bucks on a 4K an we can watch in the comfort of our own home.

I’m not a fan of streaming services and prefer to own my media, but that makes me a dinosaur in a lot of ways.

I think "miserable" is a bit over the top, but can't argue that much with the poor value proposition. Theaters do not make any money on ticket sales, that's why you have programs like AMC A-List. You pay a monthly fee and come spend $100 in concessions, which DOES go to the theater.

The whole reason theaters like iPic exist is is because providing overpriced dining makes it so that theaters become a one-stop shop for movie goers. But no arguement about the cost, which is a bit out of control when it comes to food.

But there is something to be said about the theater experience. Sure, it's not as "convenient" as sitting on your couch, but there is definitely a unique feeling about seeing Jurassic Park on a giant screen. Add to that the community aspect of it (which exists no matter what anyone says), it's still got value. Take a look on Youtube for old reaction videos of audiences during Phantom Menace or Avengers Endgame.