Netflix's Strategic Acquisition of Warner Bros. Boosts Competitive Edge and Content LibraryWe were admittedly surprised at how quickly the deal came together (and initially assumed Paramount (PSKY, Hold, $13.37, Creutz) might be more interested in acquiring these assets), but the benefit to NFLX from acquiring the Warners catalog is massive, in our view: Between DC Universe (Superman, Batman, etc), Friends, & Big Bang Theory, etc., we view this as a unique opportunity for NFLX to backfill its catalog of high value, tentpole IP (as well as add thousands of add'l catalog titles from every era of Hollywood). NFLX would also gain access to the games studio, which publishes Arkham franchises.