Netflix to acquire Warner Bros. for $72 billion in a deal that could reshape Hollywood

"announcing Friday that it has struck a deal to acquire Warner Bros. from Warner Bros. Discovery (WBD) for an equity value of $72 billion. The cash-and-stock deal, which has a total enterprise value of $82.7 billion, will bring together Netflix's world-dominant streaming platform with Warner Bros.' century-old studio, HBO, HBO Max, and some of the most iconic franchises in film and television-from "Harry Potter" and "Game of Thrones" to "Casablanca," "The Big Bang Theory," and the entire DC Universe."

"He called Warner Bros.' catalog "incredible" and said that bringing together classics such as "Casablanca" and "Citizen Kane" with Netflix hits like "Stranger Things," "KPop Demon Hunters," and "Squid Game" will allow the company to entertain the world "even better." Sarandos said this merger will let Netflix give audiences "more of what they love" while helping shape the next century of global storytelling."

Netflix is acquiring Warner Bros. from Warner Bros. Discovery for an equity value of $72 billion in a cash-and-stock transaction with a total enterprise value of $82.7 billion. The deal combines Netflix's streaming platform with Warner Bros.' studio, HBO, HBO Max, and franchises including Harry Potter, Game of Thrones, Casablanca, The Big Bang Theory, and the DC Universe. The acquisition is expected to close after WBD spins off its Global Networks division into a separate publicly traded company, Discovery Global, likely in the third quarter of 2026. Netflix plans to preserve Warner Bros.' existing operations, including its theatrical release pipeline, while expanding production capacity and theatrical output.

Read at Business Insider