[mullingitover]

This means Netflix still has all that cash they were planning to spend on WB, plus the 2.5B breakup fee from WB.

They could arguably just build a better WB from scratch with that kind of money.

[crazygringo]

$2.8B! Which isn't huge next to Netflix's market value of $357B... but when you compare it with its $45B 2025 yearly revenue, it's at least a noticeable bump. You could make almost 4 five-season-long Stranger Things with it.

[spiderfarmer]

> You could make almost 4 five-season-long Stranger Things with it.

4 good long running series is all HBO needed to become successful, so they got a free HBO.

[gloryjulio]

It's more than the quarterly net income last year. So still quite a lot.

[downrightmike]

$2.8B is $2.8B

[add-sub-mul-div]

They've spent many multiples of that on their throwaway binge content but that doesn't get them to something as culturally valuable as WB.

[nutjob2]

It's WB's back catalog that is the main prize.

[internet101010]

Or just buy Paramount in a couple of years.

[throw0101c]

> They could arguably just build a better WB from scratch with that kind of money.

How does one build a back catalogue going back decades, including things like Casablanca, Superman/Batman, Harry Potter, and V for Vendetta?

* https://en.wikipedia.org/wiki/Lists_of_Warner_Bros._films

[ta9000]

Harry Potter is played out. The author is a bigot. Their classics like Casablanca, maybe there is some value there.