US EditionNetflix agrees to buy Warner Bros studio and streaming business in $83bn deal
Netflix will acquire Warner Bros. and HBO Max in a $82.7 billion deal expected to close in 12-18 months, creating a major shift in the entertainment industry.
- 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.
483 Articles
483 Articles
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After initial reporting from The Wrap yesterday revealed that Netflix had won the bidding war for Warner Bros., the streamer stepped in this morning to confirm that it will be acquiring the home of HBO and HBO Max, DC Comics, and Bugs Bunny for $82.7 billion. The acquisition would put an end to merger attempts from the likes of Paramount and Comcast, but it's also far from a done deal.According to Netflix, its acquisition of Warner Bros. will ne…
Netflix makes historic move with €71.2 billion takeover of Warner Bros Discovery
Netflix announced on Friday December 5 a seismic shift in its business strategy after reaching an agreement to acquire Warner Bros Discovery, including its streaming service HBO Max. The deal is valued at around 83 billion dollars (71.2 billion euros), making it the most significant corporate move in the history of streaming. Competition for Warner Bros had been fierce. Paramount Skydance… Source
San Diego Union Tribune
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By LINDSEY BAHR, Associated Press Netflix’s deal to acquire Warner Bros., one of Hollywood’s oldest movie studios, poses seismic shifts to the entertainment industry and the future of moviegoing. As one of the remaining “big five” studios, the 102-year-old Warner Bros. is an essential part of movie theater business. The studio currently boasts three of the top five earning films domestically, including “A Minecraft Movie,” in first place, “Super…
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