Warner Bros reveals why Netflix won acquisition deal
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President Donald Trump weighed in on Netflix's deal to acquire Warner Bros. Discovery, saying he would be involved in the review.
According to Netflix's official press release on Dec. 5, Warner Bros. will separate its Discovery and other traditional cable assets into a new, publicly traded company called Discovery Global. The separation is set to complete in Q3 2026, prior to the closing of the Warner Bros. Streaming acquisition, per NPR's reporting.
"Anora" director Sean Baker, who is at the Red Sea Film Festival as the head of the international jury, commented on the industry's most burning current topic while speaking at the Jeddah-based event: Netflix agreeing to buy Warner Bros.