Netflix is set to acquire Warner Bros., including its film and television studios, HBO Max, and HBO, in a massive deal worth around $83 billion. The global streaming giant has entered a definitive agreement with the entertainment conglomerate's parent company, AT&T.
The acquisition brings together two industry heavyweights, combining Netflix's innovative approach, vast reach, and top-notch streaming service with Warner Bros.' storied legacy of world-class storytelling spanning over a century. This merger will create an unparalleled entertainment offering for audiences worldwide, as beloved franchises like "The Big Bang Theory," "Game of Thrones," and "DC Universe" join the already extensive portfolio of Netflix hits such as "Wednesday," "Money Heist," "Bridgerton," and "Extraction."
According to Netflix co-CEO Ted Sarandos, the mission has always been to entertain the world. With this acquisition, he believes that by combining Warner Bros.' timeless classics like "Casablanca" and "Citizen Kane" with modern favorites like "Harry Potter" and "Friends," the company can give audiences more of what they love and help define the next century of storytelling.
The cash and stock transaction has a total enterprise value of approximately $82.7 billion, with an equity value of $72 billion. The deal is expected to close after Warner Bros.' Global Networks division, Discovery Global, is separated into a new publicly-traded company, now slated for completion in Q3 2026.
This acquisition marks a significant shift in the entertainment industry, solidifying Netflix's position as a major player and further expanding its influence in the world of streaming.
The acquisition brings together two industry heavyweights, combining Netflix's innovative approach, vast reach, and top-notch streaming service with Warner Bros.' storied legacy of world-class storytelling spanning over a century. This merger will create an unparalleled entertainment offering for audiences worldwide, as beloved franchises like "The Big Bang Theory," "Game of Thrones," and "DC Universe" join the already extensive portfolio of Netflix hits such as "Wednesday," "Money Heist," "Bridgerton," and "Extraction."
According to Netflix co-CEO Ted Sarandos, the mission has always been to entertain the world. With this acquisition, he believes that by combining Warner Bros.' timeless classics like "Casablanca" and "Citizen Kane" with modern favorites like "Harry Potter" and "Friends," the company can give audiences more of what they love and help define the next century of storytelling.
The cash and stock transaction has a total enterprise value of approximately $82.7 billion, with an equity value of $72 billion. The deal is expected to close after Warner Bros.' Global Networks division, Discovery Global, is separated into a new publicly-traded company, now slated for completion in Q3 2026.
This acquisition marks a significant shift in the entertainment industry, solidifying Netflix's position as a major player and further expanding its influence in the world of streaming.
like what even is the point of that kinda money 
anyway i'm hyped for this acquisition tho, can you imagine having all those iconic shows under one roof 
"game of thrones" and "friends" on netflix would be a dream come true 
plus they're gonna have all the dc universe stuff too 
wonder what ted sarandos has planned for hbo max now 
i was low-key hoping this wouldn't happen but at the same time it makes total sense now that i think about it. warner bros' studios have been around forever and their stuff is iconic, so having them under netflix's roof is a game changer. like can you imagine having all those legendary franchises in one place? 
i swear their chicken sandwich is life changing have you tried it? anyhoo back to this news... 83 billion is crazy, can't even imagine what kind of movies and shows they're gonna make with that kinda cash 
. But seriously, it'll be great for kids' entertainment and will definitely keep them glued to their screens for hours on end. As a parent, that's both good AND bad 
.
netflix already has some amazing shows but adding all these classics from warner bros would be insane! 
can't wait to see how this plays out 
, DC Universe 
️, and Friends 
The possibilities are endless! I'm hyped to see what Netflix and Warner Bros. come up with next, and I'm sure it'll be a wild ride 
. Bring on the new era of entertainment 
Another giant in the industry is getting swallowed up by Netflix... because what could possibly go wrong with having an even bigger monopoly on our eyeballs? 
I mean, who needs diversity in content anymore? Just give us more of the same old stuff we love (or think we do). "Casablanca" and "Harry Potter"... how original. 
And let's be real, this deal is basically just a confirmation that Netflix has reached peak ego... I mean, peak success. 
As someone who's glued to my screen for hours on end, I'm super excited to see what they have in store. With all those legendary shows and movies at their disposal, Netflix is basically setting up shop as a one-stop entertainment paradise 