Netflix has agreed to acquire Warner Bros Discovery’s film, television, and streaming divisions in a landmark $72 billion deal, marking one of the largest mergers in entertainment history. The acquisition will transfer ownership of globally renowned franchises such as Game of Thrones, Harry Potter, DC Comics, and HBO Max to Netflix, significantly expanding its content portfolio and influence across the global media landscape.
Netflix Co-CEO Ted Sarandos stated that the merger aligns with the company’s mission to entertain the world, combining Warner Bros’ century-old classics—from Casablanca to Friends—with Netflix’s modern hits like Squid Game and Stranger Things. Analysts, however, warn that the deal could face intense antitrust scrutiny in the United States and Europe, as it consolidates two major streaming players and may reduce market competition.
Despite regulatory hurdles, Netflix expects to save between $2 and $3 billion annually within three years. The company also confirmed that Warner Bros films will continue to receive theatrical releases, signaling a hybrid distribution approach amid industry transformation.
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