Netflix has agreed to buy Warner Bros Discovery’s TV, film studios, and streaming division for $72 billion, gaining control of iconic franchises like “Game of Thrones” and “Harry Potter”, tilting Hollywood power towards Netflix. The deal faces antitrust scrutiny in Europe and the U.S., valued at $27.75 a share.

Netflix plans to generate $2-3 billion in annual cost savings post-deal closure. Former WarnerMedia CEO Jason Kilar believes the deal reduces Hollywood competition significantly. Chief Market Strategist Anthony Saglimbene highlights potential regulatory hurdles, while Head of Television at Enders Analysis Tom Harrington notes resistance from Hollywood and unions.

Analyst Fiona Cincotta sees Netflix’s acquisition as transformative, turning them into a dominant player in Hollywood. Chief Investment Officer Kim Forrest believes Netflix’s win will face regulatory challenges globally. Chief Market Analyst Chris Beauchamp notes the lack of immediate benefits for Netflix’s share price, with potential competition concerns and White House intervention.

Read more at Yahoo Finance: Netflix to buy Warner Bros Discovery’s studios, streaming unit for $72 billion