US EditionNetflix agrees to buy Warner Bros studio and streaming business in $83bn deal
Netflix's $82.7 billion acquisition of Warner Bros. and HBO Max would combine two major streaming libraries, creating a service with over 420 million subscribers, pending regulatory approval.
- On Friday, Netflix announced it acquired Warner Bros Discovery's TV, film studios and streaming division for $72 billion, combining two of the industry's biggest players.
- After a bidding war, Netflix entered exclusive talks with rival suitors Paramount, Skydance and Comcast, while Paramount may file a complaint about the bidding process.
- Agreeing $27.75 per WBD share, the cash-and-stock offer values the enterprise at approximately $82.7 billion and excludes WBD's cable networks including CNN and TNT sports channels.
- U.S. competition regulators are expected to scrutinize the deal, and Variety reported major studios fear `an institutional crisis for Hollywood` unless the move is blocked.
- With closing tied to Warner's separation, the transaction is expected to close after Discovery Global separates in Q3 2026, giving Netflix rights to Harry Potter and Game of Thrones.
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Netflix announced the purchase of Warner Bros. Discovery, in an operation that also included the assumption of debts. Thus, the agreement reached a total amount of almost $83 billion. The transaction positions Netflix as the new owner of iconic franchises of film and television, such as Game of Thrones, Harry Potter, The Last of Us and productions of the DC Studios universe, such as Batman and Superman. The platform indicated that this acquisiti…
Netflix buys Warner Bros. and HBO — here's what it'll control
Netflix announced a massive deal to acquire Warner Bros. Discovery Inc., a company that controls huge entities like HBO and CNN.Which networks Netflix will control, however, is a bit complicated.Warner Bros. put itself up for sale last month, and as Blaze News reported, was simultaneously being eyed for acquisition by Amazon. 'Our mission has always been to entertain the world.'Netflix has seemingly won the battle though, with a cash and stock t…
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