Netflix amends Warner Bros. Discovery offer to all cash
CNBC3 days
Netflix Revises Warner Bros. Deal to $72B All-Cash Offer
Will this offer lead to a pro-consumer merger, or a dangerous media monopoly that will threaten independence?
Above: The Warner Bros. Discovery Techwood office campus in Atlanta, Georgia, Image credit: Elijah Nouvelage/Bloomberg via Getty Images
The Spin
Narrative A
Netflix's latest offer is a superior deal that provides shareholders with greater financial certainty and an accelerated timeline. The revised structure eliminates market-based variability while maintaining the transaction value, demonstrating Netflix's commitment to completing this pro-consumer, pro-innovation combination. This merger will unite two premier storytelling companies and deliver broader choice and greater value to audiences worldwide.
Narrative B
This merger threatens to create a dangerous media monopoly that would give Netflix control over more than a quarter of the U.S. media market. Concentrating oversight of major newsrooms like CNN under one owner with potential political ties undermines media independence and diversity. The deal deserves heavy regulatory skepticism given the unprecedented market power it would grant to a single streaming giant.
Metaculus Prediction
There's a 78% chance that at least 10 of the 20 highest grossing new movies in the year 2050 will be remakes of previous movies or continuations of previous movie franchises, according to the Metaculus prediction community.
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© 2026 Improve the News Foundation.
All rights reserved.
Version 6.18.0