Close your eyes, think for a minute, and tell me: What is a Netflix Movie? OK, try again: What is a Netflix Show?

Sure, it’s easy to rattle off some killer titles— KPop Demon Hunters , Stranger Things —but Netflix has never really had a brand identity. It’s not, like Disney , the home of Star Wars and Mickey Mouse. As streaming services go, it’s made its name by being a jack of all trades and a master of none. Now, it’s made its smartest move yet, dropping $83 billion to buy itself a whole new personality.

On Friday, the streaming giant announced it will be acquiring Warner Bros. in a deal that gives Netflix the studio’s film and television operations as well as HBO and HBO Max. For those who can’t keep up with who owns what these days—no one can—that means that once the d

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