Netflix co-CEO Greg Peters has assured that the company plans to keep HBO's team in place following its acquisition of Warner Bros. Discovery, promising to provide them with a larger audience. The streaming giant recently amended its bid to an all-cash offer for Warner Bros. Discovery's streaming and studio assets, replacing a previous stock-and-cash deal.
In an interview with Stratechery, Peters stated, 'We're going to keep that HBO team,' citing their ability to work with talent and create compelling stories. He emphasised that Netflix aims to give the team a bigger platform while preserving the HBO brand's reputation for quality programming.
HBO has been behind Emmy-winning hits such as Game of Thrones, Succession and The White Lotus, and recently released the acclaimed sports romance drama Heated Rivalry. Peters expressed confidence that the content would remain strong under Netflix's ownership.
When questioned about whether HBO Max would remain a separate service or be merged with Netflix, Peters remained vague, saying the company needed to 'sort out' the details but acknowledged potential benefits for consumers and the business.
The acquisition, valued at $82.7 billion, follows months of negotiations since November. Meanwhile, Paramount Skydance, which had initially offered to buy the entire Warner Bros. Discovery, has filed a lawsuit seeking information about the sale process.
