Netflix to purchase Warner Bros.
Digest more
The company was founded in 1997 by Reed Hastings and Marc Randolph with a simple premise: a mail-order DVD subscription service designed to eliminate the late fees charged by traditional video rental stores and shipping physical discs in its iconic red envelopes.
Hollywood is in a brave new world
Netflix’s $83 billion move to acquire Warner Bros. reshapes streaming, pulling major franchises like Harry Potter, DC, and HBO favorites into one giant platform.