Streaming giants Netflix has paid an eye watering £52 billion for Warner Bros Discovery.
Warner Bros Discovery mostly produces documentaries, which fits well with Netflix, which produces and commissions thousands of documentaries each year globally.
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Netflix has 300 million subscribers globally so has the audience to produce more documentary content inhouse rather than outsourcing to get content produced.
When Netflix started it was a new market of streaming content straight to the consumer without the need to have physical stores or even releasing content in physical format reducing costs.
The marketplace is very competitive with Amazon Prime Video, and the major studios of Disney, Sony, Warner Bros, Canal + and countless more directly streaming content to consumers globally.
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Despite the competition Netflix has both the expertise and experience of producing and commissioning content, so purchasing Warner Bros Discovery will be a success and increase their subscribers across the world.
The question is: What else will Netflix purchase to bolt into their already successful business formula?
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