Update: Netflix Steps Back from Warner Bros. Discovery Bid

New disclosures reduce the likelihood of the more inflationary streaming merger scenario analyzed in our recent simulations.

We’re writing to update our earlier Substack post, If Streaming Platforms Merge, Will Subscription Prices Increase?, which examined the potential subscription price effects of two merger scenarios involving Warner Bros. Discovery (WBD): a Netflix–WBD combination and a Paramount–WBD combination.

Since publication, Warner Bros. Discovery disclosed in a Feb…