The news that Netflix has offered the winning bid to acquire Warner Bros. Pictures, which would give it access to its long, rich catalog of cinema, has become a significant talking point. While all the details have yet to be worked out, we do know that Netflix is slated to acquire Warner Bros.’ film & television studios, streaming business (HBO Max), and associated content libraries, while its Global Networks (CNN, Discovery+, etc.) will spin off into a separate publicly traded company, to be called Discovery Global.

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