> Does HBO+Netflix have a 25% share of the streaming market? I've no idea, but possibly.

No, not even close. According to Nielsen from this year, Netflix has only 7.5% of total TV hours and "Warner Bros + Discovery" clocks in at 1.5% ("HBO" as an independent entity is not tracked), for a total of 9%. A whopping 16% to go before crossing that 25% threshold.

https://www.nielsen.com/news-center/2025/streaming-reaches-h...