"A blockbuster deal was struck in the streaming space last Friday as Netflix announced its plans to take over Warner Bros. to the tune of $83 billion."
""he'll be involved in the decision""
""it's a lot of market share, so we'll have to see what happens""
"Netflix is the world's most popular streaming service and already holds an estimated 22% market share of the US streaming service which places it tied for first place alongside Amazon's Prime Video."
Netflix will acquire Warner Bros. for $83 billion in a deal expected to close within 12–18 months pending regulatory approval. President Donald Trump said he will be involved in the approval process and commented that the combined entity would represent a large share of the market. Netflix currently holds an estimated 22% share of the U.S. streaming market, tied with Amazon Prime Video, while HBO Max holds about 14%. Uncertainty remains over how Netflix will integrate Warner Bros' extensive movie and TV catalogue and whether the two streaming services will be merged.
Read at GSMArena.com
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