Right now I pay $38 for ad free Disney + Hulu + HBO max bundle. How would it be different if Netflix raised the price of Netflix + Warner brothers content?

I doubt that Netflix is going to take all of its content out of the video on demand/pay once markets like iTunes. Disney hasn’t.

Disney and WB are part of the MovieAnywhere consortium where you can buy content from iTunes, Amazon Prime, Google, Vudu etc and it automatically shows up in the other libraries