When Netflix walked away from a bidding showdown for Warner Bros. Discovery at the end of February, its stock popped and Wall Street analysts lauded the streaming giant’s financial discipline. Then it received a $2.8 billion break-up fee from Paramount and further boosted its financial outlook with a late March price hike in the U.S. for new sign-ups. Now what?
Netflix co-CEO Ted Sarandos recently described Warner Bros. as a special opportunity that nevertheless wasn’t worth overpaying for and traveled to Europe for an international charm offensive in a signal that the streamer had indeed moved on.
This week, Netflix unveiled a bigger play for young audiences with the launch of a games app for kids, the renewal of two preschool series and a new show based on one of the most enduring nursery rhymes of all time.
Now, after this flurry of activity,
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