Netflix to buy Warner Bros. in $72 billion cash, stock deal [Fortune]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Fortune
The acquisition marks a dramatic strategic shift for Netflix, which has never made a deal of this scope. The streaming pioneer grew to become Hollywood's most valuable company, without the benefit of a library or studio, by licensing programs from others and then expanding into original content. With the purchase, Netflix becomes owner of the HBO network, along with its library of hit shows like The Sopranos and The White Lotus . Warner Bros. assets also include its sprawling studios in Burbank, California, along with a vast film and TV archive that includes Harry Potter and Friends. “Together, we can give audiences more of what they love and help define the next century of storytelling,” Netflix co-Chief Executive Officer Ted Sarandos said in the statement. Netflix said it expects to maintain Warner Bros.' current operations and build on its strengths, including theatrical releases for films, a point that had been a cause of concern in Hollywood. Netflix said the deal will all
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News
- Netflix-Warner Bros. Deal: Streaming Superpower Or Streaming Monopoly? [Forbes]Forbes
- Exclusive-How Netflix won Hollywood's biggest prize, Warner Bros Discovery [Yahoo! Finance]Yahoo! Finance
- What does the Netflix-WBD deal mean to the future of streaming? [Los Angeles Times (CA)]Los Angeles Times
- Hollywood unions alarmed by Netflix's $72 billion Warner Bros deal [Yahoo! Finance Canada]Yahoo! Finance Canada
- Old Hollywood meets new: Netflix agrees to buy Warner Bros. and HBO Max [MSNBC.com]MSNBC.com
WBD
Earnings
- 11/6/25 - Miss
WBD
Sec Filings
- 12/5/25 - Form 425
- 12/5/25 - Form 425
- 12/5/25 - Form 8-K
- WBD's page on the SEC website