From a Hacker News perspective, I wonder what this means for engineers working on HBO Max. Netflix says they’re keeping the company separate but surely you’d be looking to move them to Netflix backend infrastructure at the very least.
Though, he's a trustfund kid and you can make a case that Larry owns it indirectly. (But if you want to make that case then it implies that Larry owns two media empires given his daughter Megan Ellison owns slightly less successful Skydance rival Annapurna.)