Group 1 - Netflix has agreed to acquire the studios and streaming businesses of Warner Bros Discovery (WBD) in a deal valued at $83 billion, marking a significant consolidation move in the entertainment industry [1] - This acquisition is expected to enhance Netflix's content library and strengthen its position in the competitive streaming market [1] - The deal represents one of the largest transactions in the media sector, indicating a trend towards consolidation among major players [1] Group 2 - The acquisition will allow Netflix to leverage Warner Bros' extensive catalog of films and television shows, potentially attracting more subscribers [1] - Analysts suggest that this move could lead to increased competition with other streaming services, as Netflix aims to diversify its offerings [1] - The financial implications of the deal may influence stock prices and market dynamics within the entertainment sector [1]

Market continues to absorb reports about this race for Warner Brothers Discovery. David Faber last week at this desk said he might be calling in on his week off and indeed he is. Let's get to Faber on what we know at this point.Morning David. >> Good morning guys. Uh yeah um seemed inevitable given how quickly things are moving and what we can share at this point uh according to people familiar with the situation is that Netflix is in the lead uh in the bidding for Warner Brothers Discovery.Um, now that doe ...