Netflix announced an $82.7 billion acquisition of Warner Bros. What does it mean for users?

Hollywood started panicking because of this Netflix X Warner Bros acquisition.

I’m deeply immersed in cinematography, and to me, this feels like proof that theatres could decline even further as people continue to favour streaming. I’m also questioning what this means for content quality. Fewer major producers could create more room for monopolies and potential price wars, and I think we can expect subscription prices to rise as a result.

• What do you expect from this acquisition?

• And how do you see the future of Netflix with Warner Bros. added to its portfolio?

I am also adding some data from Statista (Preference for watching a movie for the first time at a theatre instead of via a streaming service in the United States from November 2018 to June 2020) – so this seems like the move by Netflix was done timely!