Netflix assured subscribers that “nothing is altering at this time” following their successful bid for Warner Bros. Discovery, telling clients there have been “extra steps to finish.”
The streamer despatched off a letter to subscribers Friday night, 24 hours after phrase broke {that a} mega-deal had been struck between Netflix and WBD.
“We lately introduced that Netflix will purchase Warner Bros., together with its movie and tv studios, HBO Max and HBO,” the Netflix staff wrote in an e mail to clients. “This unites our main leisure service with Warner Bros.’ iconic tales, bringing among the world’s most beloved franchises like ‘Harry Potter,’ ‘Pals,’ ‘The Huge Bang Principle,’ ‘Casablanca,’ ‘Sport of Thrones’ and the DC Universe along with ‘Stranger Issues,’ ‘Wednesday,’ ‘Squid Sport,’ ‘Bridgerton’ and ‘KPop Demon Hunters.’”
Because the assertion went on, Netflix assured their clientele that “nothing is altering at this time.”
“Each streaming providers will proceed to function individually,” Netflix added. “We’ve extra steps to finish earlier than the deal is closed, together with regulatory and shareholder approvals.”
Earlier than signing off their message, Netflix informed clients that they may hear from them “when now we have extra to share” and inspired everybody “to get pleasure from watching as a lot as you need, everytime you need – all in your present membership plan.”
Netflix’s message to clients got here hours after the streamer stated it expects “to keep up Warner Bros.’ present operations and construct on its strengths,” together with theatrical releases for movies.
Throughout an inner international city corridor with WBD employees, these on Friday’s name have been additionally informed that “HBO Max will keep.”
Sarandos, in a separate traders name, famous: “HBO and HBO Max additionally present a compelling, complimentary providing for customers. We anticipate these companies by becoming a member of forces, we’re making a stronger group than both of us might have achieved alone.”
Netflix emerged the winner within the Warner Bros. Discovery bidding warfare on Thursday after providing $27.75 a share for the studio and streaming belongings.
Nonetheless, the deal has already confronted an immense quantity of pushback from these within the trade. The Producers Guild of America, SAG-AFTRA, Teamsters and the WGA all have expressed concern relating to the acquisition.
