Name: Netflix 收購華納兄弟！接下來會發生什麼事？🤔 (Netflix BUYS Warner Bros: What Happens Now?)
Uploaded: 2025-12-06T16:53:58.000Z
Duration: 8 min

A blockbuster in every sense, a $72 billion deal.

稱得上是影史巨製，一筆 720億美元的交易。

Welcome to Watchmojo and today we're breaking down the details and industry altering implications of Netflix's headline making acquisition of Warner Bros.

歡迎來到 Watchmojo，今天我們要來深入解析 Netflix 收購華納兄弟的細節及其對產業將產生劃時代的影響。

關係子句

This is something that could affect hundreds of millions of television viewers all around the world.

這件事可能會影響全球數億的電視觀眾。

The deal In a transaction valued at over $82 billion, Netflix and Warner Bros.

這項交易，在價值超過 820億美元的這場交易中，Netflix 和華納兄弟。

Discovery announced a definitive agreement under which Netflix will acquire Warner Bros.

Discovery 宣佈達成最終協議，Netflix 將收購華納兄弟。

Film and television studio along with their streaming.

的電影和電視工作室，以及他們的串流服務。

Not the biggest secret in the world that Netflix Netflix is the winner.

這不是什麼驚天大祕密，Netflix 就是贏家。

The agreement comes after months of strategic reshaping by WBD CEO David Zaslav, including plans to spin off the company's cable and linear TV networks into a separate publicly traded entity, Discovery Global, which will not be part of the Netflix deal pending the sales finalization.

這項協議是在 WBD 執行長 David Zaslav 數月策略重塑後達成的，包括計畫將公司旗下的有線電視和傳統電視網路分拆為獨立上市公司 Discovery Global，該公司不會是 Netflix 交易的一部分，直到交易最終確定。

In 2026 though, Netflix will inherit Warner's entire filmed entertainment operation from the century old Warner Bros.

不過到了 2026 年，Netflix 將繼承華納這間百年老店華納兄弟的全部影視娛樂業務。

Studio lot to powerhouse units like HBO and DC branded film and TV projects, all while maintaining Warner's theatrical plans.

影視製片廠，像是 HBO 和 DC 品牌影視專案等強大部門，同時維持華納的院線發行計畫。

The streaming giant says this quote brings together two pioneering entertainment businesses combining Netflix's innovation with Warner Bros.

這家串流巨頭表示，這項聲明匯集了兩家開創性的娛樂公司，結合了 Netflix 的創新與華納兄弟。

Century long legacy of world class storytelling.

Yes, this means the classic shield logo will continue appearing on big screen releases, at least for now.

沒錯，這表示經典的盾牌標誌至少在目前，仍會出現在大銀幕作品上。

The deal championed by Netflix Co CEOs Ted Sarandos and Greg Peters represents the largest acquisition in Netflix's history and one of the most consequential in Hollywood ever.

這項由 Netflix 聯合執行長 Ted Sarandos 和 Greg Peters 主導的交易，是 Netflix 史上規模最大的收購案，也是好萊塢史上最具影響力的交易之一。

It also signals a new era in which the world's biggest streamer would become the owner of one of the industry's most storied studios.

這也象徵著一個新時代的來臨，全球最大的串流平臺將成為業界最富傳奇色彩的製片廠之一的擁有者。

It's going to change the entertainment industry in such a huge way.

And like you said, you know, it may not go through until 2026.

而且就像你說的，你知道，這可能要到 2026 年才會完成。

What Netflix will own with one deal, Netflix would become the holder of some of the most powerful intellectual properties in entertainment history.

Netflix 將透過這項交易擁有的，將使 Netflix 成為娛樂史上一些最具影響力智慧財產權的持有者。

Library is enormous, covering thousands of films and series that stretch across multiple eras from Looney Tunes to Peacemaker.

片庫規模龐大，涵蓋數千部電影和影集，橫跨 Looney Tunes 到 Peacemaker 等多個時代。

反正我也不會加入那個無聊的團體。

The acquisition will include legendary franchises such as Harry Potter, the Lord of the Rings, the Matrix, the Monsterverse and horror properties like the Conjuring Universe and it Georgie Meet Pennywise.

這項收購將包含哈利波特、魔戒、駭客任務、怪獸宇宙等傳奇系列，以及厲陰宅宇宙和喬治遇見潘尼懷斯等恐怖作品。

Of course, it will also include the WB's long running association with DC Comics on the big and small screens.

當然，這也將包含華納兄弟長期以來與 DC Comics 在大小螢幕上的合作。

Yup, Netflix would control Batman, Superman, Wonder Woman, the Joker and other DC film and television portfolios.

是的，Netflix 將會掌控蝙蝠俠、超人、神力女超人、小丑和其他 DC 電影及電視作品。

And just as significant is their ownership of HBO and its Prestige Television catalog, a collection of genre defining series like Game of Thrones, the Sopranos, the Last of Us, the White Lotus and countless others.

同樣重要的是，他們還擁有 HBO 及其頂級電視節目庫，包含權力遊戲、黑道家族、最後生還者、白蓮花等定義類型的影集，還有無數其他作品。

Television, which has produced hits from Friends to the Big Bang Theory, will also be part of Netflix's production arsenal, Bazinga beyond ip.

電視部門，製作過從六人行到宅男大爆炸等熱門影集，也將成為 Netflix 的製作軍火庫，除了 IP 之外還有 Bazinga。

The deal also gives Netflix ownership of Warner's physical studio infrastructure, production facilities, post production units and global distribution arms.

這項交易也讓 Netflix 擁有華納的實體工作室基礎設施、製作設施、後期製作部門和全球發行臂膀。

For a company that had to negotiate licensing deals for major shows, Netflix would become one of the primary suppliers of content to the entire industry.

對於一家曾經需要洽談熱門節目授權交易的公司來說，Netflix 將會成為整個產業內容的主要供應商之一。

Netflix's Presumed Strategy so you might be wondering, why would Netflix buy an entire Hollywood studio?

Netflix 的預期策略，所以你可能會想，Netflix 為什麼要買下整個好萊塢工作室？

The answer perhaps lies in long term survival and dominance.

答案或許在於長期的生存和主導地位。

You see, for years Netflix has faced growing competition from a barrage of streaming competitors like Disney Prime Video, Apple TV and Paramount, just to name a few.

你看，多年來 Netflix 面臨著來自 Disney Prime Video、Apple TV 和 Paramount 等眾多串流競爭對手的激烈競爭，這只是其中幾個例子。

And this, by combining now with HBO Max as a streaming service, cements Netflix in the number one spot.

而透過將 HBO Max 整合為串流服務，Netflix 將鞏固其龍頭地位。

As studios began pulling their libraries back from Netflix to populate their own services, Netflix lost some of the very titles that helped it grow in the first place, relying heavily on their own original content.

隨著各工作室開始將他們的影集庫從 Netflix 撤回，以充實自己的服務，Netflix 失去了一些最初幫助它成長的內容，而嚴重依賴自己的原創內容。

Gives Netflix permanent ownership of a massive library, eliminating licensing volatility and granting them a century of content to distribute.

讓 Netflix 永久擁有龐大的影集庫，消除了授權的波動性，並獲得了百年來的內容可供發行。

Revolution, Remix and most importantly, monetize.

革命、重製，最重要的是，變現。

Maybe fewer movies are going to get made, particularly movies that don't fit in.

或許會減少電影的產量，特別是那些不適合的電影。

As Netflix has been experimenting with big screen releases for select projects for some time.

因為 Netflix 已經實驗性地針對特定專案進行大銀幕發行一段時間了。

This deal gives them a ready made theatrical pipeline.

這項交易讓他們擁有了現成的戲院發行管道。

Rather than pulling Warner titles from theaters, Netflix has said it will continue their theatrical slate, giving them a dual strategy where films can debut in cinemas and later boost streaming engagement on Netflix.

Netflix 表示，他們不會從戲院撤下華納的影片，而是會繼續他們的戲院發行計畫，採取雙軌策略，讓電影可以在戲院首映，之後再提升 Netflix 的串流觀看數。

This is a significant, significant threat, we believe, to the long term viability of the Africa exhibition.

我們認為，這對非洲影院的長期生存能力，是一個重大的、重大的威脅。

What it means for consumers, creators and rival Studios the Netflix Warner Bros.

對於消費者、創作者和競爭對手工作室來說，Netflix 和華納兄弟的這項交易，

Deal will fundamentally alter the balance of power in Hollywood as we know it, affecting everyone in different ways.

將從根本上改變我們所知的荷裡活權力平衡，並以不同的方式影響到每個人。

For consumers, the acquisition could bring a mega all in one entertainment destination where Stranger Things Wednesday and other Netflix hits sit alongside Warner Bros.

對於消費者來說，這項收購可能會帶來一個超級一站式的娛樂目的地，在那裡《怪奇物語》、《星期三》和其他 Netflix 熱門影集，將與華納兄弟的內容並存。

Own audience favorites and blockbusters and will not cease until our enemies have been vanquished.

擁有觀眾喜愛的熱門大片，並且會持續奮戰直到敵人被擊潰。

And if Netflix ultimately folds HBO Max into its core service, viewers will experience a simpler, more unified streaming landscape, reducing the need to juggle multiple subscriptions.

而如果 Netflix 最終將 HBO Max 整併到其核心服務中，觀眾將體驗到更簡單、更統一的串流平臺，減少需要同時訂閱多個服務的麻煩。

But Sarando said that it's just too early to decide how they're going to package all of this.

不過 Sarando 表示，現在決定如何整合所有這些內容還太早了。

For creators, the implications are equally transformative.

對於創作者來說，這項影響同樣是革命性的。

Netflix would gain deep relationships with top tier talent, directors and showrunners and have the ability to fund bigger, more Ambitious projects at scale.

Netflix 將能與頂尖人才、導演和節目統籌建立深厚的關係，並有能力大規模資助更宏大、更有野心的計畫。

However, consolidation also raises major concerns about fewer independent buyers for original content.

然而，產業整合也引發了關於原創內容的獨立買家減少的重大擔憂。

A more centralized decision making pipeline could shape what gets made for years to come, potentially sidelining smaller or experimental projects that don't fit the blockbuster driven priorities of emerged Netflix Warner operation.

更集中的決策流程可能會影響未來多年的內容產出，潛在性地排擠掉不符合新成立的 Netflix Warner 營運模式中，以熱門大片為主的優先事項的小型或實驗性專案。

And it's the consolidation of this industry because scale is everything.

而這就是產業的整合，因為規模決定一切。

Meanwhile, rival studios and streamers face a game changing competitive threat.

同時，競爭對手工作室和串流平臺也面臨著改變遊戲規則的競爭威脅。

In order to best compete, companies like Disney, Amazon and Apple may be forced to rethink licensing strategies, theatrical windows and long term content planning.

為了更好地競爭，像 Disney、Amazon 和 Apple 這樣的公司可能被迫重新思考授權策略、戲院上映窗口和長期內容規劃。

But at least for now, Netflix has triumphed and is moving forward with this deal.

不過至少目前為止，Netflix 贏了，而且正朝著這項交易邁進。

Before we continue, be sure to subscribe to our channel and ring the bell to get notified about our latest videos.

在我們繼續之前，請務必訂閱我們的頻道並開啟小鈴鐺，這樣就不會錯過我們的最新影片。

You have the option to be notified for occasional videos or all of them.

你可以選擇接收偶爾的通知，或是所有影片的通知。

If you're on your phone, make sure you go into your settings and switch on notifications.

如果你用手機，請務必到設定裡開啟通知。

The Unknowns despite the excitement, this deal also comes with major uncertainties.

儘管令人興奮，這項交易也伴隨著重大的未知數。

Mergers of this size are closely scrutinized by regulators and antitrust concerns could delay the transaction, impose conditions or even require divestments.

如此規模的合併案會受到監管機構的嚴格審查，反壟斷的疑慮可能會延遲交易、附加條件，甚至要求剝離資產。

Is the question of antitrust and whether in fact this is going to be something that can get past the regulators.

這就是反壟斷的問題，以及這項交易是否真的能通過監管機構的審查。

Integration also poses its own challenges.

Netflix is a tech driven Silicon Valley disruptor, while Warner Bros. Is a century old showbiz institution.

Netflix 是由科技驅動的矽谷顛覆者，而華納兄弟則是擁有百年歷史的娛樂產業機構。

Aligning their cultures and creative philosophies will be monumental.

整合雙方的文化和創意理念將是一項艱鉅的任務。

A key question is whether filmmakers like James Gunn, who currently oversees the DC universe, will be able to maintain his vision under Netflix's model, or if creative priorities will shift it completely.

一個關鍵問題是，像是目前負責 DC 宇宙的 James Gunn 這類電影製作人，是否能在 Netflix 的模式下維持他們的願景，或者創意重心會完全轉移。

Beyond the companies themselves, the broader entertainment landscape could change in unpredictable ways.

除了公司本身，更廣泛的娛樂產業格局也可能以無法預測的方式改變。

Industry insiders are also left wondering whether theaters will remain central to film releases or if Netflix will eventually prioritize streaming over the big screen.

業界內部人士也想知道，戲院在電影發行中是否仍是核心，或者 Netflix 最終會優先考慮串流而非大銀幕。

Well, in this statement, Netflix says that they are vowing to maintain Warner Brothers current operations.

好吧，Netflix 在這份聲明中表示，他們誓言要維持華納兄弟目前的營運。

What do you make of Netflix's historic acquisition of Warner Bros.

你認為 Netflix 收購華納兄弟這項歷史性交易怎麼樣？

Will this reshape Hollywood for the better or worse?

這會讓好萊塢變得更好或更糟嗎？

字幕列表影片播放

Netflix 收購華納兄弟！接下來會發生什麼事？🤔 (Netflix BUYS Warner Bros: What Happens Now?)

entire

significant

content

aspect