Netflix has announced it will acquire Warner Bros.. The deal is worth $82.7 billion. This is one of the largest mergers in Hollywood history.
The acquisition merges Netflix’s streaming platform with Warner Bros.’ film and TV operations. It also includes HBO Max and several popular franchises. This move expands Netflix’s global content library.
Warner Bros. Discovery plans to spin off its Global Networks division first. This division includes CNN, TNT, and other cable channels. The new company will be called Discovery Global. The separation is expected to finish in the third quarter of 2026. After that, Netflix will complete the acquisition.
Both Netflix and Warner Bros. Discovery boards have approved the deal. WBD shareholders will receive $27.75 per share. Payment will include cash and Netflix stock. Analysts describe this merger as a historic consolidation in the media industry.
The combined libraries will include classics like The Wizard of Oz, Game of Thrones, and The Big Bang Theory. Netflix hits like Stranger Things, Money Heist, and Bridgerton will also be included. This merger creates a massive content portfolio.
Netflix confirmed it will maintain Warner Bros.’ operations, including theatrical releases and studio production. The company expects the merger to create new opportunities for creators. It will also increase value for consumers and shareholders. Regulatory approvals and shareholder consent are required. Experts predict the deal will close in 12 to 18 months.
This acquisition is expected to reshape Hollywood and global streaming markets. Netflix will strengthen its position as a leading entertainment platform. Warner Bros. will expand its digital reach. Investors and analysts are watching closely. The merger could change how films and series are produced, marketed, and consumed.
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