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Live @ NYSE, Netflix to Acquire Warner Bros. | Keith Rabois, Emily Sundberg, Adam Faze

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Dec 5, 2025
Keith Rabois, a veteran Silicon Valley investor, dives into the future of venture capital and the potential of AI to reshape industries. Emily Sundberg, a writer and director, shares insights on growing her successful newsletter into podcasting, expanding into California coverage. Film producer Adam Faze discusses the strategic implications of Netflix's acquisition of Warner Bros., highlighting the importance of IP and theatrical experiences. Lynn Martin sheds light on the NYSE's upcoming visibility events and market trends, forecasting a busy 2026 for IPOs.
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INSIGHT

Distribution Meets Legendary IP

  • Netflix plus Warner Brothers pairs the world's leading streaming distribution with one of the deepest content libraries on Earth.
  • That combo reframes competition as a battle for attention against tech platforms, not just rival studios.
INSIGHT

Deal Economics: Scale Over Leverage

  • Netflix projects $2–3 billion in annual cost savings by year three and accretion to EPS by year two.
  • The deal trades heavy leverage for faster scale and stronger IP control.
INSIGHT

Regulatory Risk Is Front And Center

  • Critics argue the Netflix–Warner deal will face regulatory scrutiny and may not add many new subscribers.
  • The transaction could be judged on competition effects in content and distribution rather than pure market share.
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