Netflix Buys Warner Bros. in Game Changing Deal Worth $82.7 Billion

Netflix has shaken Hollywood to its core after confirming an $82.7 billion agreement to acquire Warner Bros., including its film, television, and streaming studios, HBO Max, and HBO.

The landmark move follows a heated bidding war and positions the streamer at the helm of one of entertainment’s most storied catalogs.

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The companies announced the news moments ago.

Once regulatory steps and the previously announced spin-off of Warner’s linear networks wrap in late 2026, Netflix will reportedly assume control of a slate that spans classics like ‘The Wizard of Oz’ to modern juggernauts, including ‘Game of Thrones’ and the DC Universe.

In announcing the union, the companies said:

“This acquisition brings together two pioneering entertainment businesses, combining Netflix’s innovation, global reach and best-in-class streaming service with Warner Bros.’ century-long legacy of world-class storytelling. Beloved franchises, shows and movies such as The Big Bang Theory, The Sopranos, Game of Thrones, The Wizard of Oz and the DC Universe will join Netflix’s extensive portfolio including Wednesday, Money Heist, Bridgerton, Adolescence and Extraction, creating an extraordinary entertainment offering for audiences worldwide.”

Netflix co-CEO Ted Sarandos added:

“Our mission has always been to entertain the world. By combining Warner Bros.’ incredible library of shows and movies from timeless classics like Casablanca and Citizen Kane to modern favorites like Harry Potter and Friends with our culture-defining titles like Stranger Things, KPop Demon Hunters and Squid Game, we’ll be able to do that even better. Together, we can give audiences more of what they love and help define the next century of storytelling.”

Co-CEO Greg Peters echoed the enthusiasm:

“This acquisition will improve our offering and accelerate our business for decades to come. Warner Bros. has helped define entertainment for more than a century and continues to do so with phenomenal creative executives and production capabilities. With our global reach and proven business model, we can introduce a broader audience to the worlds they create giving our members more options, attracting more fans to our best-in-class streaming service, strengthening the entire entertainment industry and creating more value for shareholders.”

Warner Bros. Discovery chief David Zaslav also weighed in:

“Today’s announcement combines two of the greatest storytelling companies in the world to bring to even more people the entertainment they love to watch the most. For more than a century, Warner Bros. has thrilled audiences, captured the world’s attention, and shaped our culture. By coming together with Netflix, we will ensure people everywhere will continue to enjoy the world’s most resonant stories for generations to come.”

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