Overview
- A late-night email to roughly 300 million users said both services will continue to operate separately for now.
- Netflix’s Help Center states current membership plans remain the same and Warner Bros. titles will not move to Netflix immediately.
- The company indicated the transaction could take about 12 to 18 months to close because approvals are still required.
- Coverage has pegged the deal value at about $82.7 billion, bringing Warner Bros., HBO Max and HBO under Netflix if it closes.
- Lawmakers including Senator Elizabeth Warren and Representative Pramila Jayapal criticized the merger, and Hollywood guilds raised concerns about jobs and creative freedom.