TL;DR: Netflix has agreed to purchase Warner Bros. as part of a colossal deal valued at $82.7 billion. The purchase, which includes HBO and HBO Max, works out to $27.75 per share of Warner Bros. Discovery – a modest premium over the $24.57 the stock closed at on Thursday afternoon. The deal isn't expected to close until late next year – that is, if regulators don't step in first.
Through the looking glass: Nearly three decades after its US patent date, the MP3 is no longer the cutting edge of audio compression. Yet support for it remains ubiquitous in media players, browsers, automotive systems, and embedded devices. For many people, it also evokes a particular moment in internet culture, when ripping, cataloging, and sharing files felt like core digital rituals rather than background processes handled by cloud services.