Netflix, Inc. agreed to acquire The Roald Dahl Story Company Limited from a Family.
September 21, 2021
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Netflix, Inc. (NasdaqGS:NFLX) agreed to acquire The Roald Dahl Story Company Limited from a Family on September 22, 2021. Completion of this transaction is subject to regulatory approvals and other customary closing conditions. Simon Toms, Bill Batchelor, Alex Jupp, Ken D Kumayama, Eve-Christie Vermynck and Clive Wells of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor and PricewaterhouseCoopers LLP acted as accountant to Netflix. Mark Holloway of Wilson Sonsini Goodrich & Rosati, P.C. and James Goold, Adam Rendle, Graham Samuel-Gibbon, Paolo Palmigiano, Louisa Penny and Liz Wilson of Taylor Wessing LLP acted as legal advisors to The Roald Dahl Story Company Limited. Connor Agnew, Helen Brocklebank and Davin Kandola of RSM UK Group LLP acted as accountant and The Raine Group LLC acted as financial advisor to The Roald Dahl Story Company Limited.
Netflix, Inc. specializes in on-line broadcasting services for films and television series provided continuously by subscription. Members pay a monthly fee for access to unlimited on-demand content on their computers (PC and MAC), portable telephones, televisions, or other devices (Xbox 360, PS3, Wii, Blu-Ray, etc.) connected to the Internet. The group is also involved in DVD and Blu-ray leasing by mail. Net sales break down by type of revenue as follows:
- streaming subscriptions revenues (99.8%);
- DVD subscriptions revenues (0.2%).
At the end of 2023, Netflix, Inc. had over 260 million subscribers.
Net sales are distributed geographically as follows: the United States and Canada (44.1%), Europe/Middle East/Africa (31.3%), Latin America (13.3%) and Asia/Pacific (11.3%).