Netflix’s $83B Bet That Could Reshape Hollywood
Netflix 830亿美元豪赌，或重塑好莱坞
Netflix stunned Hollywood by agreeing to buy Warner Bros. Discovery’s film, TV, and streaming assets for about $82.7 billion in an all-cash deal. The acquisition includes HBO, HBO Max, and major franchises like Harry Potter, Game of Thrones, and DC, consolidating enormous creative power under Netflix. Warner Bros. pursued a sale after years of heavy debt and declining cable revenues, sparking a fierce bidding war with Paramount. Despite higher rival offers, WBD chose Netflix’s cleaner balance sheet. The deal now faces intense regulatory scrutiny in the U.S., with lawmakers and unions warning of reduced competition, job losses, and higher prices. If blocked, Netflix must pay a $5.8 billion breakup fee.
Netflix 以约 827 亿美元的全现金交易收购华纳兄弟探索的电影、电视和流媒体资产，震动好莱坞。此次交易涵盖 HBO、HBO Max，以及《哈利·波特》《权力的游戏》和 DC 等顶级 IP，使 Netflix 的内容版图大幅扩张。华纳兄弟因长期高负债和有线电视衰退而寻求出售，引发与派拉蒙的激烈竞标。尽管对手出价更高，董事会仍选择财务风险更低的 Netflix。目前交易正面临严格的反垄断审查，政界和工会担忧竞争受限、裁员和涨价风险。若交易被否决，Netflix 将支付 58 亿美元解约费。
