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Netflix to acquire Warner Bros.' studios and HBO Max in landmark $72 billion deal [Yahoo! Finance Canada]
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Netflix ( NFLX ) is set to acquire Warner Bros.' ( WBD ) studio and streaming assets in a $72 billion deal, plus debt, bringing together Hollywood's most storied film and TV studio and the world's largest streaming platform in one of the biggest entertainment deals in history. The companies announced Friday they've entered into a definitive agreement, subject to regulatory approval, that will give Netflix control of Warner Bros.' film and TV studios, as well as HBO and HBO Max. The deal is set to close after WBD completes its previously announced plan to separate its Global Networks division into a standalone publicly traded company. Under that restructuring, expected in summer 2026, Netflix would take over the studios and streaming assets, while the newly created Discovery Global entity would house CNN and WBD's portfolio of cable networks. Netflix shares fell over 4% on the news, while WBD saw modest gains in early premarket trading. Netflix, Inc. (NFLX) Once completed,
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- Why the Netflix, Warner Bros. deal is a disaster for movie theatres, filmmakers and audiences [Globe and Mail, The (Toronto, Canada)][Globe and Mail, The]
- Who rules the streaming world after the Netflix-Warner deal? [USA TODAY][USA TODAY]
- What Does Netflix's Planned Acquisition Of Warner Bros. Mean For Theaters And Titles Like HBO, CNN? [Forbes][Forbes]
- Five Netflix Shows Like ‘Stranger Things' To Watch While Waiting For Volume 2 [Forbes][Forbes]
- Netflix to buy Warner Bros. for nearly $83 billion [CBS News][CBS News]
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- 12/5/25 - Form 8-K
- 12/2/25 - Form 4
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