alt Hacker NewsI imagine it’ll end up looking very much like the Disney + Hulu + ESPN bundle. Minor savings but still more expensive than an individual subscription.
> traditional TV business
This was actually excluded from the deal. CNN, TNT, Discovery and the rest are being spun off into their own company. Presumably to wither and die.
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turnsout • today at 2:06 PM
If they like money, they'll just roll HBO into Netflix and raise prices. I really doubt Disney's complex bundling/pricing scheme is helping their bottom line.
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No, that was going to happen next year, but it never did and this deal has been agreed for the whole company.
WB pitched that to make it easier for them to be acquired by shunting all the debt to the channels entity - but it was unlikely the debt owners were ever going to go for that as presented, there would have been quite a significant chance of the channels group going under and them losing all the money.
But ultimately it turned out that enough entities were willing to bid now, before that split, that there was no point continuing to work out how to do it. Netflix will, presuming this deal completes, be the owner of CNN/TNT/Discovery at al.
Now, I am very sure they will look to sell several parts of those off - there is absolutely no way Netflix leadership wants to continue to own TNT - but that will have to come later.