#Streaming wars

If completed, the deal would give Paramount control of Warner Bros’ film studios, streaming platforms, and major TV networks, including HBO Max and CNN, in what could have been one of the biggest shakeups in the global entertainment industry. Back in December, Warner Bros had agreed to sell parts of its film and streaming business to Netflix in a deal worth about $82 billion (PHP 4.6 trillion), including debt. This could help Netflix dominate the global streaming market and get ahead of competitors like Disney+, Amazon Prime Video, and Paramount. Streaming Becomes Even Bigger With Warner Bros. These titles may slowly be moved away from other streaming platforms and placed under the Netflix library. This will make Netflix much more than a streaming app, it becomes a major Hollywood studio with full control over production, distribution, and global release of top franchises. Many households today struggle with paying for too many streaming subscriptions. Netflix also has strong technology for streaming, archiving, and improving video quality. Read more in our articles including "Paramount Wins Warner Bros over as Netflix Walks Away from Mega Deal" and "What happens after Netflix buys Warner Bros.?".