Warner Bros./Discovery (WBD), in an effort to get out of massive debt and decreasing viewership is contemplating selling HBO to Netflix.
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| Studios and Streamers Cozy-up |
HBO is valuable. Its scripted shows are some of the best in adult entertainment. Now, it appears that HBO content will be streamed on Netflix as well.
The first show being considered as part of this deal is the hit comedy from Issa Raw, 'Insecure'.
This move would certainly help WBD's bottom line which goes hand-in-hand with WBD's strategy of cutting costs and increasing revenues. Licensing titles out to Netflix will provide WBD huge dividends.
Cinema Mucho Gusto's Take
This is a win-win for WBD and Netflix. WBD get much needed revenue and Netflix gets great content to satiate their subscribers' unending thirst for new content.
Netflix is the bigger winner, but WBD needs cash. Buy Netflix stock!
By: Jim Lavorato, Entertainment Equipment Corp.
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