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Netflix agrees to buy Warner Bros studio and streaming business in $83bn deal
- 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 acquires Warner Bros. Discovery for 82.7 billion dollars. The merger could revolutionize the streaming landscape. What does that mean for viewers?
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"The threat of this merger in any form is an alarming escalation in a consolidation crisis that threatens the entire entertainment industry, the public it serves, and—potentially—the First Amendment itself," warned actress Jane Fonda.
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Coverage Details
Total News Sources404
Leaning Left68Leaning Right38Center107Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 32%
C 50%
R 18%
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