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Comment by mullingitover | Hacker News Reader

This means Netflix still has all that cash they were planning to spend on WB, plus the 2.5B breakup fee from WB.

They could arguably just build a better WB from scratch with that kind of money.

$2.8B! Which isn't huge next to Netflix's market value of $357B... but when you compare it with its $45B 2025 yearly revenue, it's at least a noticeable bump. You could make almost 4 five-season-long Stranger Things with it.

> You could make almost 4 five-season-long Stranger Things with it.

4 good long running series is all HBO needed to become successful, so they got a free HBO.

It's more than the quarterly net income last year. So still quite a lot.

$2.8B is $2.8B

They've spent many multiples of that on their throwaway binge content but that doesn't get them to something as culturally valuable as WB.

It's WB's back catalog that is the main prize.

Or just buy Paramount in a couple of years.

> They could arguably just build a better WB from scratch with that kind of money.

How does one build a back catalogue going back decades, including things like Casablanca, Superman/Batman, Harry Potter, and V for Vendetta?

* https://en.wikipedia.org/wiki/Lists_of_Warner_Bros._films

Harry Potter is played out. The author is a bigot. Their classics like Casablanca, maybe there is some value there.

> Harry Potter is played out.

Is that why they're doing a remake?

* https://www.hollywood.com/news/a-new-version-of-the-original...

* https://en.wikipedia.org/wiki/Harry_Potter_(TV_series)

The people who were kids when the original movies came out are now parents themselves: they're going for nostalgia and new audiences.

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