Combined Netflix-WB Would Generate Annual APAC Revenues Of $6.6B – MPA

The juggernaut created by a merged Netflix and Warner Bros. Discovery (WBD) would general annual revenues of $6.6B in the Asia-Pacific region, according to Media Partners Asia (MPA).

A report released this morning notes that Netflix’s annual recurring revenues in APAC are around $5.5B, with WBD’s at $1.1B.

MPA, which analyzes Asian media and entertainment companies, noted that Netflix’s local activity is simply in subscription streaming, while HBO Max owner WBD’s assets “function as a regional arms dealer and theatrical powerhouse.” WBD’s streaming capabilities in Asia are “still nascent” outside Australia, MPA added.

The report note pointed to a major strategic choice the merged business will have to take – namely whether to renew SVOD deals WBD has in India, Japan, Korea and other