Netflix sends 'late night letter' to its 300 million subscribers; says: Nothing is…
Netflix is acquiring Warner Bros. in an $82.7 billion deal, bringing HBO Max and HBO under its umbrella. While assuring subscribers "nothing is changing today," the streaming giant anticipates a 12-18 month closing period. Despite Netflix's assurances of a pro-consumer move, politicians and industry groups have raised significant concerns about potential price hikes and job losses.
Netflix is acquiring Warner Bros. in an $82.7 billion deal, bringing HBO Max and HBO under its umbrella. While assuring subscribers "nothing is changing today," the streaming giant anticipates a 12-18 month closing period. Despite Netflix's assurances of a pro-consumer move, politicians and industry groups have raised significant concerns about potential price hikes and job losses.
