Another major shake up is coming to the streaming sphere as Netflix agrees to acquire Warner Bros Studios.

The $125B acquisition includes HBO Max - giving them the rights to shows like Game of Thrones, Succession, and Euphoria. 

Netflix co-CEO Ted Sarandos has said theatrical releases will become more limited, as Netflix sees them as not 'consumer friendly'.

Wall Street Journal media and entertainment reporter Joe Flint told Heather du Plessis Allan, "generally Wall Street and Hollywood already felt Netflix was the king. So yes, if this goes through, not only are they the king, but they've probably extended their reign by 100 years or so."

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