Netflix earnings shed light on why it needs Warner

The new Netflix is still a ways off, but the old one is doing fine. Given what Netflix is trying to accomplish, though, fine doesn’t quite cut it.

Netflix’s shares slipped Tuesday after the streaming giant posted generally strong fourth-quarter results. That came just hours after the company amended its acquisition deal with Warner Bros. Discovery. Netflix will now pay all cash for the storied Hollywood studio and its associated streaming business, removing a stock component that was looking problematic considering Netflix shares have tumbled more than 30% in the past three months.

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