How NZ streaming costs and choices could change after the epic Netflix-Paramount battle for Warner Bros |
The battle between Netflix and Paramount for Warner Bros Discovery may significantly affect New Zealand’s screen sector, audience choice, local production opportunities and industry growth.
On December 6, Netflix announced it had signed a definitive agreement valued at US$83 billion (NZ$143 billion) or US$27.75 per share to acquire Warner Bros, including its film and television studios, and streaming platforms HBO Max and HBO.
Three days later, Paramount – which has had been busy since September with six separate proposals to buy Warner Bros Discovery – launched a counteroffer directly to shareholders of US$30 per share in cash.
Paramount argues the Netflix deal is anti-competitive and could face prolonged regulatory challenges. It claims Netflix could gain control of 43% of global streaming subscribers (400 million worldwide). Disney , its closest competitor, has 200 million streaming subscribers.
But Paramount would also face antitrust scrutiny if it secured the bid, which would give the company significant market share across streaming and other global network assets.
For New Zealand audiences, a Netflix acquisition of Warner Bros........