After a prolonged period of strong performance, Netflix (NASDAQ: NFLX) stock has been under pressure recently. The timing is not a coincidence. The company just signed for a massive strategic (but risky) shift, prompting investors to reassess what they think the streaming service specialist’s stock is worth.In early December, Netflix entered into a deal to buy the studio and streaming assets of Warner Bros. after Warner Bros. Discovery (NASDAQ: WBD) completes a separation of its Global Networks business into a new company called Discovery Global. The deal values the assets at roughly $72.0 billion in equity value and about $82.7 billion in enterprise value. Do you think that buying studio and streaming assets of Warner Bros was a bad idea ?
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