Netflix has announced a landmark deal to acquire Warner Bros, including HBO and HBO Max, in a transaction valued at 82.7 billion dollars. The company confirmed the news today, calling the move a step toward defining the next century of storytelling.
“Today, Netflix announced our acquisition of Warner Bros. Together, we will define the next century of storytelling, creating an extraordinary entertainment offering for audiences everywhere,” the statement read.
The deal comes after a heated bidding war, with Warner Bros Discovery ultimately choosing Netflix’s cash and stock offer. The agreement values Warner Bros Discovery shares at roughly 28 dollars per share, representing about 72 billion dollars in equity and close to 83 billion dollars in total when debt is included.
If the acquisition is approved by regulators, it would reshape the entertainment world in a way the industry has never seen. Netflix would become the primary home for many of the world’s most influential franchises, including Harry Potter, DC, and the entire HBO lineup, placing a significant portion of global film and television content under one platform.
Industry analysts believe the deal could mark one of the biggest shifts in modern streaming, potentially changing how audiences watch, subscribe, and engage with major entertainment properties.
