What Netflix’s deal to buy Warner Bros. means for one of Hollywood’s oldest studios

Netflix has struck a nearly $83 billion deal to acquire Warner Bros. and HBO Max, beating out Paramount and Comcast after a bidding war. If finalized, it would unite the world’s largest streamer with one of Hollywood’s oldest studios. The move raises questions about the future of theatrical releases and concerns about market concentration. Geoff Bennett discussed more with Matthew Belloni of Puck.