Earlier quoted context omitted.
> Any consolidation like this seems like a negative for consumers This is a very common narrative to this news. But coming into this news, I think the most common narrative against streaming was essentially "There is not enough consolidation." People were happy when Netflix was the streaming service, but then everyone pulled their content and have their own (Disney, Paramount, etc.)
People were happy because they only needed one subscription and one app. Buying Warner Bros won't bring that back. If anything, it makes it less likely.
Plus a cable TV subscription in many/most cases.