Comment by Mindwipe

Which is why it won't happen, what would the revenue benefit of that be?

In the medium term you'll get a D+/Hulu-esque split with maybe a discounted bundle of Netflix and HBO Max together - the evidence is pretty strong that bundles reduce churn.

If they ever do go to one library, it'll be because Netflix feel they are able to push prices to the same level as both services combined.