Mei Ri Jing Ji Xin Wen·2025-12-05 15:52Core Viewpoint - Netflix announced the acquisition of Warner Bros. Discovery's film production and streaming business, valued at $82.7 billion, primarily in cash, with an equity value of $72 billion (approximately 500 billion RMB) [2][6] Group 1: Acquisition Details - The acquisition is expected to be completed within 12 to 18 months, pending the separation of Warner Bros.' cable channels like CNN, TBS, and TNT [2][6] - The deal requires approval from relevant regulatory bodies, indicating its historical significance as it combines the largest paid streaming service with one of Hollywood's oldest and most prestigious film companies [6] Group 2: Financial Impact - Warner Bros.' cable network revenue declined by 23% in the most recent quarter, attributed to subscriber churn and advertisers shifting away [6] - Netflix's revenue for 2024 is projected to reach $39 billion, with a market capitalization of approximately $437 billion, marking a significant milestone in its development history [7] Group 3: Content Acquisition - The acquisition includes Warner Bros. assets such as Warner Bros. Pictures, HBO, and HBO MAX, along with iconic IPs like "The Big Bang Theory," "Harry Potter," and "Game of Thrones" [2][7] - This deal will enhance Netflix's content library, providing a strong competitive edge in the streaming market [7]