Dec 5 (Reuters) – Netflix has agreed to buy Warner Bros Discovery’s TV and film studios and streaming division for $72 billion, a deal that would hand control of one of Hollywood’s most prized and oldest assets to the streaming pioneer that has upended the media industry.

KIM FORREST, CHIEF INVESTMENT OFFICER AT BOKEH CAPITAL PARTNERS IN PITTSBURGH

“It’s super interesting that the bidding came down to Netflix winning and that a lot is being focused on the streaming business, which you know is Netflix business. Now I think it’s going to be a heavy burden to get it passed through the regulators, not just in the United States but also worldwide. It’s going to be an issue, but apparently the companies think that they can overcome that.”

CHRIS BEAUCHAMP, CHIEF MARKET ANALYST AT IG GROUP

“Ne

See Full Page