Netflix and Warner bros.webp
The Digest:

In a move poised to reshape global entertainment, Netflix announced today its acquisition of Warner Bros. in a landmark transaction valued at $82.7 billion. The deal, set to close after Warner Bros. Discovery spins off its Discovery Global division, aims to unite iconic franchises like Harry Potter, Game of Thrones, and the DC Universe with Netflix’s streaming dominance.

Key Points:
  • Netflix will acquire Warner Bros., including its studios and HBO, for a total enterprise value of $82.7 billion.
  • The transaction follows the planned separation of Discovery Global, expected in Q3 2026.
  • The combined library will include legendary franchises alongside Netflix originals like Stranger Things.
  • Netflix plans to maintain Warner Bros.’ current operations, including theatrical film releases.
  • The company forecasts $2–3 billion in annual cost savings by the third year post-acquisition.
  • Leadership stated the union will offer more choice for consumers and value for shareholders.
  • Regulatory and shareholder approvals are pending, with closure expected in 12–18 months.
This historic merger consolidates vast storytelling legacies under one roof, signaling a seismic shift in how content is created, distributed, and consumed worldwide.

Sources: Netflix Investor Relations, Warner Bros. Discovery.