Netflix hasn't won Warner Bros. yet: These regulatory hurdles remain

SelfRugger · 2026-02-10T18:44:18+00:00

Netflix's deal to acquire Warner Bros. faces uncertainties due to regulatory hurdles. Analysts question if the merger will be approved, especially concerning streaming implications, despite Netflix's plans to keep HBO Max separate.

SelfRugger

2026-02-10 18:44:18

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Netflix hasn’t won Warner Bros. yet: These regulatory hurdles remain

Yahoo Finance Video and Brian Sozzi

December 6, 2025

In this video:

NFLX

WBD

Netflix (NFLX) announced it has reached a deal to buy Warner Bros. (WBD).

Yahoo Finance Senior Reporter Allie Canal joins Opening Bid host Brian Sozzi to discuss the complexities of the deal and to explain why the deal isn’t entirely finalized for Netflix quite yet.

To watch more expert insights and analysis on the latest market action, check out more Opening Bid.

Video Transcript

00:00 Speaker A

Allie, I will go over to you. You got the story on the Finance homepage. Does this deal actually does this get closed? I mean, I have so many thoughts on this.

00:06 Allie

There’s a lot of questions. That’s definitely the next TBD, right? The regulatory overhang because during the whole negotiation process, a lot of Wall Street analysts were looking to Paramount Sky dance and saying that that company would win out partly due to the fact that the regulatory uh path forward looked more established than uh both Comcast and Netflix. You already had David Ellison friendly with the current administration. He was able to get that deal done between Paramount Global and Sky Dance Media. So there was an expectation that that would be a positive for the negotiating table. However, now we have Netflix here and I think uh one thing we were talking about with city analyst Jason Bane in the previous show was that the fact that Netflix is just going after a portion of the business that that could actually help them here. He doesn’t see any problem with the studio side. What could uh be a problem is the streaming side of the business because you have the biggest streamer in the world, Netflix now getting even bigger. Although Netflix plans to keep HBO Max separate from the Netflix app. They are talking about bundling, creating more choice and optionality for consumers. So that’s the argument that Netflix is going to make. It’s just going to come down to where whether regulators buy it or not. So I I think there is a certainly a a good chance that that it gets approved, but there’s going to be several hurdles that this deal needs to pass along the way before we get to the to the finish line.

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