When the platform buys the studio, everything changes.
Netflix’s acquisition of Warner Bros. & HBO isn’t just another media deal—it’s the inevitable collapse of distribution, data, and IP into a single operating system. More than a decade ago, I predicted that a streamer would eventually acquire a legacy studio—not as a bet, but as a pattern. Distribution always pulls content upstream. This moment forces new questions about power, creativity, governance, and what becomes truly scarce in the next era of entertainment. More insights in my article on this here.