Tag: Netflix
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Netflix Responds to Backlash Over Warner Bros Acquisition: ‘We Understand the Business’
“They didn’t really understand what they were buying. We understand these assets that we’re buying, the things that are critical in Warner Bros. are key businesses that we operate in, and we understand. A lot of times, the acquiring company, it was a legacy non-growth business that was looking for sort of a lifeline. That…
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Quentin Tarantino’s Iconic Film Makes a Comeback on Netflix
Pulp Fiction is back on Netflix, and there’s not much I can say about the film that you don’t already know aside from the fact that it’s perfect. Say what you want about Quentin Tarantino, but you can’t deny the influence this film has had on pop culture or how many cheap imitations followed its…
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Netflix Acquires Warner Bros. Studio and Streaming Business for $72 Billion
NEW YORK : Netflix has struck a deal with Warner Bros. Discovery, the legacy Hollywood giant behind “Harry Potter” and “Friends,” to buy its studio and streaming business for $72 billion. The acquisition would bring two of the industry’s biggest players in film and TV under one roof and alter the entertainment industry landscape. Beyond…
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Netflix May Explore Bundling with HBO for Enhanced Subscriptions
Last month, HBO boss Casey Bloys stood in front of an auditorium full of reporters and told them what everyone already knew: Netflix had won the streaming wars. “To Netflix’s credit, as the first mover, they have become a utility. For consumers, it is the basic cable of today,” he said. But Bloys wasn’t surrendering…
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Carl Rinsch Expands Luxury Portfolio with Hermes Mattress Acquisition Following Netflix Investment
After Carl Rinsch got an infusion of $11 million from Netflix to finish his passion project — a futuristic television series — he could sleep well at night. That’s partly because he bought a $439,000 handmade mattress on what prosecutors say was on Netflix’s dime. At Rinsch’s criminal fraud trial in Manhattan federal court on…
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Netflix Secures $59 Billion Loan for Warner Bros Acquisition
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Netflix is relying on one of the largest loans of its kind to finance its $83bn takeover of Warner Bros Discovery, with a bridge loan led by Wells Fargo to fund the cash portion of…