Netflix has introduced that it has entered a “definitive settlement” to amass Warner Bros. — together with its movie and tv studios, HBO Max and HBO — in a deal valued at roughly $83 billion, in line with the corporate.
“This acquisition brings collectively two pioneering leisure companies, combining Netflix’s innovation, world attain and best-in-class streaming service with Warner Bros.’ century-long legacy of world-class storytelling,” Netflix stated within the assertion launched Friday morning.
“Beloved franchises, reveals and flicks resembling The Large Bang Idea, The Sopranos, Recreation of Thrones, The Wizard of Oz and the DC Universe will be a part of Netflix’s intensive portfolio together with Wednesday, Cash Heist, Bridgerton, Adolescence and Extraction, creating a rare leisure providing for audiences worldwide,” the corporate continued.
The Netflix emblem is seen on the Netflix Tudum Theater in Los Angeles, California, on September 14, 2022. Streaming big Netflix will purchase movie and tv studio Warner Bros. Discovery for practically $83 billion, the 2 US corporations introduced in a joint assertion on December 5, 2025.
Patrick T. Fallon/AFP by way of Getty Photos
The transaction is predicted to shut after the beforehand introduced separation of WBD’s World Networks division, Discovery World, into a brand new publicly-traded firm, which is now anticipated to be accomplished in Q3 2026, Netflix stated.
“Our mission has at all times been to entertain the world,” stated Ted Sarandos, co-CEO of Netflix. “By combining Warner Bros.’ unimaginable library of reveals and flicks—from timeless classics like Casablanca and Citizen Kane to fashionable favorites like Harry Potter and Pals—with our culture-defining titles like Stranger Issues, KPop Demon Hunters and Squid Recreation, we’ll be capable to try this even higher. Collectively, we may give audiences extra of what they love and assist outline the following century of storytelling.”
The money and inventory transaction has a complete enterprise worth of roughly $82.7 billion and an fairness worth of $72 billion, Netflix stated.
