"Today Netflix has announced that it's buying Warner Bros. (WB) for $72 billion. This includes HBO and HBO Max, but it will take a rather long time because WB's parent company Warner Bros. Discovery (WBD) first has to separate its Global Networks division into a new publicly-traded company called Discovery Global. This is now expected to be completed in the third quarter of 2026, after which Netflix will acquire what's left - namely the current Streaming & Studios division of WBD."
"As the name implies, this includes WB studios as well as HBO and the HBO Max streaming service. Netflix says it "expects to maintain WB's current operations and build on its strengths, including theatrical releases for films", but it also says that it will add "the deep film and TV libraries" of WB as well as "HBO and HBO Max programming" for its members."
Netflix will buy Warner Bros. (WB) for $72 billion, including HBO and HBO Max. Warner Bros. Discovery will spin off its Global Networks division into a new publicly traded company named Discovery Global. The spin-off is expected to complete in the third quarter of 2026, after which Netflix will acquire WBD's Streaming & Studios division. The acquisition covers WB studios, HBO, and the HBO Max streaming service. Netflix expects to maintain WB's current operations, continue theatrical releases, and add WB's film and TV libraries plus HBO programming for Netflix members. CNN, Discovery channels, and TNT Sports will remain with Discovery Global. The transaction is expected to finalize 12–18 months after the spin-off.
Read at GSMArena.com
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