WB has been badly mismanaged for a long time and has been shuffled from corporate owner to corporate owner. 

This is my take as well.
Then factor in that netflix will want to recoup investments.... and they are bound to try and save a buck here & there.
Which likely also will effect quality.

I could see HBO shows being different going forwards, and likely not for the better.

I don't think this deal is going to get approval.

I didn't realize AEW was on HBO Max. I dropped my subscription to most of my streaming services early last year. When WB started removing some DC animated contact from MAX (glad changed the name back), I ditched them. Ironically a lot of those movies are available for free officially on Youtube.

I must be one of only three people left on Earth that doesn't have any subscription services.

Also moved the thread into Movies and TV.

I suppose, just like with other, huge acquisitions in the past decade, there's a large (too large by far) group that harbor illusions about this being good for consumers somehow. HBO has already lost a lot of appeal and quality since they merged the service with Discovery +, and this will probably make it suffer even more.

In which case, WB will almost certainly be bought by Baby Ellison and turned into MAGA Bros. 

People don't think it's going to be good, but a merger is going to happen, regardless of what we think.

For one, WB cannot afford to run itself. Too many years of mismanagement. I wish it weren't true, but it is.

For another, Netflix is the least bad option here, compared to Skydance/Paramount and the Saudi PIF. If Netflix doesn't get approved, then Ellison will end up owning it. Comcast was another potential option, but it has far fewer resources than the other three known suitors.  Comcast is about the size of Nintendo. 

Doesn't sound like something to get excited for, as far as I know. Then again, I watch very little TV/movies anyway, so it's not like this matters a ton to me.

Count me in, and we only have to find that third person!

I'm raising my hand!