Netflix has officially confirmed that it is to purchase Warner Bros Discovery (WBD) in a mega deal worth approximately USD 82.7 billion, in one of the largest shake ups in Hollywood history. The historic deal will bring the biggest streaming platform in the world and one of the most iconic movie and television studios together.
The announcement confirms that Netflix will buy Warner Bros’ iconic film and TV studios, HBO, HBO Max and its entire century old catalogue. This includes some of Hollywood’s most influential titles, from Game of Thrones and Friends to The Wizard of Oz, Casablanca and the vast DC Universe. The deal will be finalized in Q3 2026, following the decision of the Warner Bros Discovery company to split its Global Networks segment.
A Historic Union of Two Entertainment Giants
Through this acquisition, Netflix gains access to a library that has defined generations of viewers. Together, the platforms will offer one of the largest and most diverse collections of films and shows ever curated under a single entertainment ecosystem.
Netflix Co CEO Ted Sarandos expressed his excitement about the merger, saying the combined strengths would help define “the next century of storytelling.”
“By combining Warner Bros’ incredible library of shows and movies with our culture defining titles like Stranger Things and Squid Game, we can give audiences even more of what they love.”
Netflix assured fans that Warner Bros’ theatrical releases will continue, meaning the studio’s long standing tradition of cinema first storytelling will remain untouched.
What Audiences Can Expect After the Merger
Once the deal is finalised, Netflix users across the world will notice major additions to the platform. Titles from Warner Bros, HBO and HBO Max will start appearing alongside Netflix’s global hits.
This includes:
- The Big Bang Theory
- The Sopranos
- Game of Thrones
- Friends
- Harry Potter
- Classic films like Citizen Kane, Casablanca and The Wizard of Oz
- Major DC Universe titles
The Business Impact: A Deal of Massive Value
The acquisition values Warner Bros Discovery at USD 27.75 per share, which includes cash and Netflix stock. WBD shareholders will get USD 23.25 cash and USD 4.501 Netflix shares per share, but under conditions subject to the average share price of Netflix at closing.
Netflix estimates USD 2 to 3 billion in annual cost savings in three years and believes that the deal will boost its earnings by the second year.
Co CEO Greg Peters noted that the long term business aspirations of the firm will be enhanced through this alliance, increased capacity of production and providing more opportunities to creators across the globe.
Warner Bros Speaks on the Landmark Collaboration
Warner Bros Discovery CEO David Zaslav called the merger a union of “two of the greatest storytelling companies in the world.” He said that they will surely bring together their strength to provide people everywhere with powerful stories across generations.
The agreement has been unanimously approved by the boards of both companies but still requires regulatory review and shareholder approval.
A Deal That Will Reshape Hollywood
Entertainment analysts predict that this merger will dramatically reshape the streaming landscape. As Netflix acquires the legacy of Warner Bros., the power of HBO in premium storytelling and massive franchises, the platform will be positioned as an even more dominant global leader.
From prestige television to classic cinema to superhero franchises, audiences can look forward to a deeper, richer and more diverse entertainment experience once the deal closes in 2026.
The merger of Netflix and Warner Bros Discovery is not just a business agreement. It is a revolution in the way the world will watch, enjoy and remember stories over decades to come.
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