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Netflix Buys Warner Bros

Netflix has agreed to acquire Warner Bros. Discovery’s studio and streaming assets for $72 billion, sparking intense regulatory scrutiny and political debate.

Last updated at Dec 8, 2025

🔥 The $72 Billion Deal

Netflix has agreed to acquire Warner Bros. Discovery’s film and TV studios, along with its streaming division, in a cash-and-stock deal valued at $72 billion. The acquisition includes massive franchises such as Harry Potter, Game of Thrones, and the DC Universe. Warner’s linear cable networks, including CNN and TNT, will be spun off into a separate company.

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