Netflix to Acquire Warner Bros. in Historic $82.7 Billion Deal
In a groundbreaking move set to reshape the global entertainment landscape, Netflix and Warner Bros. Discovery have announced a definitive agreement for Netflix to acquire Warner Bros., including its iconic film and television studios along with HBO and HBO Max. Valued at approximately $82.7 billion, the deal is expected to close after Warner Bros. Discovery completes the separation of its Global Networks division in Q3 2026.This acquisition merges Netflix’s leading streaming platform with Warner Bros.’ century-old legacy of celebrated storytelling. Beloved classics like The Wizard of Oz, Game of Thrones, Friends, The Sopranos, and key DC Universe films will join Netflix’s own hits such as Stranger Things, Wednesday, Bridgerton, and Squid Game under one roof.
Ted Sarandos, co-CEO of Netflix, stated, “Our mission has always been to entertain the world. Combining Warner Bros.’ incredible library—from timeless masterpieces like Casablanca and Citizen Kane to modern favorites like Harry Potter and Friends—with our culture-defining titles, we’ll deliver even more of what audiences love, helping shape the next century of storytelling.”Greg Peters, Netflix’s co-CEO, added, “This acquisition will enhance our offerings and fuel long-term growth. Warner Bros. has been a cornerstone of entertainment for over a century, and with Netflix’s global reach and proven business model, we can bring these stories to a wider audience, enriching the streaming experience, strengthening the industry, and creating greater value for shareholders.
”David Zaslav, President and CEO of Warner Bros. Discovery, remarked, “This combination unites two of the greatest storytelling companies to bring the world’s most beloved entertainment to even more people. Warner Bros. has shaped culture for over 100 years, and together with Netflix, we will ensure these stories continue to inspire generations.”Netflix will maintain Warner Bros.’ existing operations, including theatrical releases, ensuring continuity for the studio’s traditional filmmaking. Plans include expanding U.S. production capacity and significantly increasing investment in original content over the long term.
Consumers can look forward to an expanded content library as Netflix integrates HBO, HBO Max programming, and Warner Bros.’ extensive catalogue into its platform. Industry experts see the merger as a strategic move that will intensify competition in Hollywood and leverage shared strengths amid the rapidly evolving streaming landscape.
