This agreement involves both HBO Max and the HBO studio, marking one of the largest mergers in Hollywood's history. By making this move, Netflix is not just solidifying its top position but also significantly enhancing its content library, gaining access to well-known franchises such as DC Comics, 'Game of Thrones,' and 'Harry Potter.' In November, senators Elizabeth Warren, Bernie Sanders, and Richard Blumenthal expressed concerns regarding the potential sale. The trio sent a letter to the Justice Department Antitrust Division indicating that any agreement would be viewed 'under a cloud of political favoritism and corruption.' Warner Bros. Discovery officially put itself up for sale in October, burdened by debt and disappointing streaming growth. The company attracted interest from several suitors, with Paramount seen as the frontrunner. The acquisition is expected to finalize in the third quarter of 2026, after Warner Bros. Discovery follows through with its plan to separate from...
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