No doubt about the last part, but how does merging two giants create "More Choice"? I know corporate double-speak is already out of control and I know they're writing whatever they can do avoid regulators who surely are looking into the acquisition, but surely these executives cannot believe acquisitions lead to more choice, right?
Netflix can provide its own content everywhere around the globe because they are the sole owner of it. The distribution rights to WB properties outside of the US will belong to completely different legal entities (even if those entities have WB in them).