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Here’s How Netflix Made Warner Bros. Television Fork Over $300 Million

A lot of things have changed in TV-land since Netflix (NASDAQ:NFLX) first burst on the scene two decades ago. The landscape is littered with the broken dreams of former industry leaders (I’m looking at your Blockbuster), and several others are in panic mode (Cable TV?). With a trail of sheer disruption in its wake, it’s no wonder other players are on the defensive.

Netflix has pulled out all the stops to feed its subscribers seemingly insatiable hunger for new programming, snapping up film festival winners, securing streaming rights to networks’ hit shows, and enlisting the aid of Hollywood legends like Martin Scorsese.

If that wasn’t enough, over the past year, Netflix has been signing exclusive deals with a number of the television industry’s most prolific creators, and in doing so just cost Warner Bros. Television a boatload of money.

A person with red nail polish on signs a paper with a fountain pen.

Image source: Getty Images.

The details

Producer Greg Berlanti has renewed his deal with Warner Bros. Television — the broadcast arm of Time Warner Inc. (NYSE:TWX) — extending his contract for the next six years. The deal is reportedly worth more than $300 million, and with additional incentives factored in, could net the producer as much as $400 million through 2024. 

It’s interesting to note that Berlanti still had two years remaining on his existing agreement with the studio, and has been in their stable since 2011.

Berlanti may not be a household name, but he’s one of television’s busiest producers, with a record 14 live-action scripted programs currently on the air across broadcast and cable television.

Data source: Deadline Hollywood. Chart by author.

What’s this got to do with Netflix?

Netflix has been making groundbreaking deals with some of the biggest names around, and the television industry

Article source: https://www.fool.com/investing/2018/06/13/heres-how-netflix-made-warner-bros-television-fork.aspx

About Michael

Here’s How Netflix Made Warner Bros. Television Fork Over $300 Million

A lot of things have changed in TV-land since Netflix (NASDAQ:NFLX) first burst on the scene two decades ago. The landscape is littered with the broken dreams of former industry leaders (I’m looking at your Blockbuster), and several others are in panic mode (Cable TV?). With a trail of sheer disruption in its wake, it’s no wonder other players are on the defensive.

Netflix has pulled out all the stops to feed its subscribers seemingly insatiable hunger for new programming, snapping up film festival winners, securing streaming rights to networks’ hit shows, and enlisting the aid of Hollywood legends like Martin Scorsese.

If that wasn’t enough, over the past year, Netflix has been signing exclusive deals with a number of the television industry’s most prolific creators, and in doing so just cost Warner Bros. Television a boatload of money.

A person with red nail polish on signs a paper with a fountain pen.

Image source: Getty Images.

The details

Producer Greg Berlanti has renewed his deal with Warner Bros. Television — the broadcast arm of Time Warner Inc. (NYSE:TWX) — extending his contract for the next six years. The deal is reportedly worth more than $300 million, and with additional incentives factored in, could net the producer as much as $400 million through 2024. 

It’s interesting to note that Berlanti still had two years remaining on his existing agreement with the studio, and has been in their stable since 2011.

Berlanti may not be a household name, but he’s one of television’s busiest producers, with a record 14 live-action scripted programs currently on the air across broadcast and cable television.

Data source: Deadline Hollywood. Chart by author.

What’s this got to do with Netflix?

Netflix has been making groundbreaking deals with some of the biggest names around, and the television industry

Article source: https://www.fool.com/investing/2018/06/13/heres-how-netflix-made-warner-bros-television-fork.aspx

About Michael
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