The story so far: On December 5, Netflix said it will acquire Warner Bros. , including its film, television studios, and premium streaming assets like HBO, in a massive deal valued around $82.7 billion. This merger marks a paradigmatic shift where a new-age streaming platform is absorbing a traditional Hollywood studio and transforming it into a wholly integrated production-cum-distribution powerhouse.

What does the deal grant Netflix?

The deal potentially grants Netflix unparalleled control over content creation, ownership, distribution, and exhibition. While this merger will expand its content library, lower costs, and realise economies of scale for Netflix by integrating production and distribution, it may carry heavy costs for creative industries, independent voices, consumer choi

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