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Netflix Tries to Buy Warner Bros Discovery
Netflix is trying to buy Warner Bros Discovery assets for $82.7 billion. Netflix boss Ted Sarandos defended the deal.
He said it helps the industry grow. Sarandos said Netflix is buying assets it does not have now.
The deal would let Netflix offer more to viewers. The Guardian and BBC reported this news.
Klear Note — Netflix and Warner Bros Discovery are major streaming companies. This deal would combine their content libraries and services into one company.
Key Terms 2
- Warner Bros Discovery
- Major entertainment company that owns movies, shows, and streaming services
- assets
- Valuable things a company owns, like movies, shows, or streaming rights