Netflix may have kickstarted the streaming era, but it’s now facing stiff competition to retain its status as the number one giant in the industry. In recent years, Amazon Prime Video, Disney+, and HBO Max have started to rival Netflix, and the company is now trying to reassert its dominance.
In an incredible recent development, it was announced that Netflix had agreed a deal to acquire the streaming and studios of Warner Bros Discovery. If this comes to fruition, it could make it almost impossible for others to compete with Netflix.
Netflix Has a Definitive Deal in Place to Acquire Warner Bros
According to the latest reports, Netflix has definitive deal in place to acquire Warner Bros Discovery’s film and television studios. The deal is valued at $82.7 billion and could be one of the biggest mergers in the history of entertainment.
If the deal comes to pass, Netflix will be able to massively enhance its catalogue with some of the best franchises on the planet.
Harry Potter and DC will be major additions to Netflix when it comes to film offerings, but it’s the HBO library that could help the streaming service put an end to the streaming wars.
If Netflix gets the rights to Game of Thrones and all its spinoffs, the Last of Us, and The Sopranos, it will be a gamechanger for entertainment.
The streaming giant will have endless budget for new offerings in all these incredible IPs, and has already said that it will keep the talented HBO production teams in place. In addition to getting the content, Netflix will eliminate a key rival, making it easier to dominate the space.
Streaming Giant Could Become One-Stop-Shop for Entertainment
This new deal is another leap forward in Netflix’s evolution, as it appears to be attempting to become an all-encompassing entertainment hub.
It has already spanned way beyond its original model with mobile-style games and even live events on the platform. For example, the recent move to get exclusive rights to the WWE Raw was a huge power play.
Netflix could have taken inspiration from the booming iGaming industry, where some of the leading sites operate as thriving entertainment ecosystems.
Along with state of the art online slots like Rich Route Express and Legendary Lawman, there are other sections such as live dealers and card and table games. Players may not feel the need to visit rival sites as they have everything they need in one place.
The same thing could happen with Netflix. If there’s enough award-winning and popular content on the platform, it may not make sense for people to spend money on subscriptions for other services. In that scenario, it would become the undisputed global leader once again.
Even though it has been widely reported that the deal is already in its final stages, there’s still a chance that Netflix may not acquire Warner Bros.
Paramount Skydance has attempted a hostile takeover and has proposed to acquire the whole Warner Bros Discovery company including its traditional TV networks. Whoever gets this deal over the line is likely to enjoy great success in the next decade or so.
