Netflix To Acquire Warner Bros. Discovery’s Film and Streaming Businesses in Massive Deal

Netflix has agreed to acquire Warner Bros. Discovery’s film studios and streaming division, including HBO Max, in a deal valued at up to $83 billion. The agreement will make Netflix one of the largest and most influential players in the entertainment industry.

The deal came after a competitive bidding process in which companies such as Paramount, Skydance, and Comcast also made offers for Warner Bros. Discovery’s assets. Netflix ultimately entered exclusive negotiations and reached a cash-and-stock deal, offering $27.75 per Warner Bros. Discovery share.

Warner Bros. Discovery’s board faced scrutiny from other bidders, with complaints that the process favored Netflix. However, Netflix’s offer prevailed, and Warner Bros. Discovery shares rose in premarket trading following the announcement.

This acquisition gives Netflix control over Warner Bros.’s renowned film and TV studios and its popular streaming platform HBO Max, significantly boosting Netflix’s content portfolio and industry presence.

Netflix is buying Warner Bros. Discovery’s film and TV studios as well as its streaming division, including the HBO Max platform.

The deal is valued between $72 billion and $83 billion, with a price of $27.75 offered per Warner Bros. Discovery share.

The acquisition will make Netflix one of the largest media companies, giving it control over major film studios and a popular streaming service, helping it expand its content offerings.

Warner Bros. Discovery will sell its film and streaming businesses to Netflix. Details about the remaining parts of Warner Bros. Discovery were not provided in the articles.

Reuters

Netflix has entered exclusive talks with Warner Bros Discovery to acquire its studio and streaming service, a Bloomberg News reporter said in a post on X.

WSJ

Move comes after the latest round of bids for the media company. Paramount and Comcast also made offers.

Forbes

Bloomberg and Variety reported that Paramount Skydance has cried foul over the sales process, labeling it “tainted”. In a letter sent to Warner's CEO David Zaslav, Paramount's attorneys alleged that Warner's board had “embarked on a myopic process with a predetermined outcome that favors a single bi...

Bloomberg Markets and Finance

Warner Bros. Discovery Inc. has entered exclusive negotiations to sell its film and TV studios and HBO Max streaming service to Netflix Inc., according to people familiar with the discussions.

CNBC

Netflix announced Friday it's reached a deal to buy pieces of Warner Bros. Discovery, bringing a swift end to a dramatic bidding process that saw Paramount Skydance and Comcast also vying for the legacy assets.

Reuters

Netflix has agreed to buy Warner Bros Discovery's TV and film studios and streaming division for $72 billion, a deal that would hand control of one of Hollywood's most prized and oldest assets to the streaming pioneer that has upended the media industry.

New York Post

Netflix has agreed to buy Warner Bros Discovery's TV and film studios and streaming division for $72 billion.

Forbes

Warner Bros. Discovery's shares rose 1.22% to $24.84 in premarket trading early on Friday.

CNBC

Netflix said it reached a deal to purchase Warner Bros. Discovery's film and streaming assets.

Market Watch

Netflix will become a vastly bigger and different company once its deal to acquire Warner Bros. Discovery's studio and streaming businesses goes through.

Fox Business

Streaming giant Netflix will acquire Warner Bros. Discovery's studios and HBO Max platform in a cash-and-stock deal valued at $27.75 per WBD share.

Investors Business Daily

Netflix stock fell before Friday's stock market open after the streaming giant announced it is acquiring Warner Bros.

CNBC Television

CNBC's 'Squawk Box' crew and David Faber report on the latest news from Warner Bros. Discovery and Netflix.

Reuters

Invezz

Netflix has agreed to acquire the studios and streaming businesses of Warner Bros Discovery (WBD) in a deal valued at $83 billion, marking one of the most consequential consolidation moves in Hollywood's modern era. The massive takeover will position the streaming giant as the industry's most powerf...

Business Insider

Netflix agreed to purchase Warner Bros. Discovery for $72 billion.

The Guardian

Streaming service to gain control of studio behind Harry Potter and Batman, as well as HBO, home to The White Lotus and Game of Thrones

Proactive Investors

Netflix Inc (NASDAQ:NFLX, XETRA:NFC) and Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A) announced an agreement under which Netflix will acquire Warner Bros, including its film and television studios, HBO Max, and HBO, in a transaction valued at approximately $82.7 billion. The deal combines Netfl...

TechCrunch

In one of the most groundbreaking deals the streaming world has ever seen, Netflix announced on Friday its acquisition of Warner Bros. with an enterprise value of $82.7 billion.

CNET

The acquisition will see massive franchises including Harry Potter and Friends brought into the same portfolio as Stranger Things and Squid Game.

CNBC Television

CNBC's David Faber breaks down what the Netflix-Warner Bros. Discovery deal means for the entertainment industry.

CNBC

The Trump administration has "heavy skepticism" about the newly announced $72 billion deal for Netflix to acquire Warner Bros. Discovery's film and streaming assets.

Investopedia

The bidding war for Warner Bros. Discovery (WBD) is officially over, as the entertainment giant and Netflix (NFLX) announced an $83 billion deal Friday.

Bloomberg Markets and Finance

Netflix will buy Warner Bros. Discovery in a deal that reshapes Hollywood and streaming.

Yahoo Finance

Morning Brief anchor Julie Hyman breaks down the latest market news for December 5, 2025. Netflix announced it is buying Warner Bros.

Forbes

Netflix has just purchased Warner Bros. Studios for $82.7 billion, and if that deal goes through, it will now own many of the most popular IPs on the planet, in addition to WB's literal studios.

Bloomberg Markets and Finance

Jason Bazinet, Managing Director at Citigroup, discusses Netflix's move to buy Warner Bros. Discovery in a historic combination.

Business Insider

Larry Ellison and his son, David, own Paramount, which wanted to buy Warner Bros. Discovery.

NYTimes

The deal to acquire the Hollywood giant's television and film studios as well as HBO Max will bulk up the world's biggest paid streaming service.

Zacks Investment Research

Netflix streaming services will now join CNN, HBO Max, Major League Baseball, DC Studios, the Food Network and HGTV, to name just a few.

Forbes

Netflix announced Friday morning it struck a deal with Warner Bros. to purchase the storied film studio for $82.7 billion, a potentially major acquisition that shook the film and television industries.

Yahoo Finance

Yahoo Finance executive editor Brian Sozzi breaks down the latest market news for December 5, 2025. Netflix is buying Warner Bros.

The Motley Fool

Streaming giant Netflix is acquiring Warner Bros. Discovery in a cash-and-stock deal valued at $27.75 per share.

CNBC Television

Cinema United CEO Michael O'Leary joins CNBC's 'Squawk on the Street' to discuss why he opposes the Netflix- Warner Bros. Discovery deal, why this will impact the theater business, and more.

Schwab Network

Marley Kayden turns her attention to Netflix (NFLX) for today's Morning Trade after the streaming giant made a $82.7 billion bid to buy Warner Bros. Discovery.

Bloomberg Markets and Finance

Stephen Flynn, Bloomberg Intelligence Senior Credit Analyst, discusses the record-breaking bank loan that will help finance Netflix's planned $72 billion acquisition of Warner Bros. Discovery Inc. Netflix Inc. has lined up $59 billion of financing from Wall Street banks to help support its planned $...

CNBC

Movie theater operators are worried for the future of the theatrical industry if Netflix completes its acquisition of Warner Bros. Discovery's studio and streaming assets.

New York Post

The acquisition will include WBD's film and TV studios, HBO and HBO Max, potentially combining well over 400 million streaming subscribers and a massive library of content.

Investopedia

One of the most closely watched bidding wars of the year is over—maybe.

Forbes

When the world's most prolific streaming service, Netflix, announced a deal Friday to purchase beleaguered Warner Bros., the big question immediately became how the sale would impact the valuable HBO Max content.

CNBC Television

Matt Stoller, director of research at the American Economic Liberties Project, joins 'Money Movers' to discuss why he opposes the Netflix- Warner Bros. Discovery deal, why this will impact the theater business, and more.

Benzinga

Netflix Inc's (NASDAQ: NFLX) $82 billion deal to buy Warner Bros Discovery Inc's (NASDAQ: WBD) studio and streaming assets may reshape Hollywood for the next century, but its most immediate effect is headed straight for the ETF market.

Fast Company

Netflix has announced that it intends to buy legendary Hollywood studio Warner Bros. in a deal valued at approximately $82.7 billion.

Proactive Investors

Netflix Inc (NASDAQ:NFLX, XETRA:NFC)'s announcement that it will acquire Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A) in a $72 billion cash-and-stock deal has drawn a mixed response from analysts, as investors weigh the risks and potential rewards of one of the largest media transactions in his...

Deadline

Wall Street has begun rendering its verdict, at least in the short term, on Netflix's $82.7 billion deal to acquire Warner Bros. As is typical of acquisitions, the stock of the buyer lost ground by mid-day Friday, slipping 3% to just below $100, while the party being (mostly) acquired, Warner Bros....

Deadline

Forbes

Earlier this month, a copy of the historic first issue of Superman comics sold for a record $9.1 million. Hold my beer, said Netflix.

Investors Business Daily

Late Thursday evening, Paramount Skydance attempted a final, last ditch, all-cash bid to acquire the entirety of Warner Bros. Discovery for $30 a share, according to the CNBC.

TechXplore

Netflix struck a deal Friday to buy Warner Bros. Discovery, the Hollywood giant behind "Harry Potter" and HBO Max, in a $72 billion deal that would bring together two of the biggest players in television and film and potentially reshape the entertainment industry.

Seeking Alpha

Netflix (NFLX) acquires Warner Brothers (WBD) for $72B, aiming to strengthen its streaming content library and competitive positioning. DG and CRM delivered strong earnings, with Dollar General up 37% since early November and Salesforce's AI-driven products showing early but modest revenue traction.

Business Insider

The Netflix-Warner Bros. Discovery deal would be one of the biggest ever in the media industry.

The Motley Fool

A tie-up between Netflix and Warner Bros would be the largest acquisition in the streaming space yet. The acquisition could lead to lower prices for consumers.

WSJ

The Trump administration is already scrutinizing the streaming company's $72 billion deal for Warner Bros.

Bloomberg Technology

Finalizing the deal between Netflix and Warner Bros. Discovery will be a longer and bigger fight than Game of Thrones, says Jon Klein, co-founder of Hang Media.

Bloomberg Technology

Netflix agrees to buy Warner Bros. Discovery in a historic $72 billion cash and stock deal.

Business Insider

Netflix became HBO faster than HBO could become Netflix. That's why Netflix is buying HBO.

CNBC

Netflix has reached a deal to buy Warner Bros. Discovery's streaming and film studio asset for $72 billion.

The Guardian

US politicians and Hollywood guilds have voiced concerns against the proposed $83bn purchase of the studio

Forbes

The major Hollywood labor unions have chimed in on Netflix's proposed $82.7 billion takeover of Warner Bros. film and television studios, HBO Max and HBO, and none is anticipating a happy ending for their constituencies should the deal go through as expected.

CNBC Television

Netflix announced it's reached a deal to buy pieces of Warner Bros. Discovery, bringing a swift end to a dramatic bidding process that saw Paramount Skydance and Comcast also vying for the legacy assets.

New York Post

The Ellisons are now angling for a counterattack, sources say. They also believe they can win this battle by taking their case directly to WBD shareholders.

Skynews

Netflix's $72bn takeover of Warner Brothers is a blockbuster in every sense.

Yahoo Finance

Market Domination anchor Josh Lipton breaks down the latest market news for December 5, 2025. Netflix has reached a deal with Warner Bros.

Bloomberg Markets and Finance

Representative Scott Fitzgerald (R-WI) weighs in on the Netflix-Warner Bros. deal and states he is cautiously optimistic about it and suggests waiting before talking about holding hearings on the transaction.

Yahoo Finance

Netflix-Warner Bros. Discovery's $72B deal: " That's a hell of a lot of cost savings.

Yahoo Finance

Netflix has reached a $72 billion deal with Warner Bros. to acquire its film and TV studios, HBO Max, and HBO, but the agreement still faces regulatory approval.

Reuters

Hollywood unions and theater owners on Friday sounded the alarm over Netflix's proposed $72 billion takeover of Warner Bros Discovery, warning the deal would cut jobs, concentrate power and reduce theatrical movie releases if the deal passes regulatory review.

Reuters

What started as a fact-finding mission for Netflix culminated in one of the biggest media deals in the last decade and one that stands to reshape the global entertainment business landscape, people with direct knowledge of the deal told Reuters.

Reuters

Warner Bros Discovery has agreed to sell its iconic studio and streaming assets to Netflix for $72 billion, in a move that will reshape Hollywood by creating a vertically integrated media powerhouse.

Fox Business

Oppenheimer managing director Jason Helfstein discusses Netflix's bid to acquire Warner Bros. Discovery, opposition to the deal and more on 'The Claman Countdown.

WSJ

Piece by piece, Netflix has disrupted a more-than-century-old industry. Now it's buying some of Hollywood's most iconic properties.

Barrons

Investors will be wrestling with the strategic and financial implications of the acquisition.

Bloomberg Markets and Finance

Netflix Inc. agreed to buy Warner Bros. Discovery Inc., marking a seismic shift in the entertainment business as a Silicon Valley-bred streaming giant swallows one of Hollywood's oldest and most revered studios.

Huffington Post

The deal is likely to face strong antitrust scrutiny in Europe and the U.S.

The Motley Fool

Netflix is buying Warner Bros. for $82 billion, including debt.

WSJ

Taking over Hollywood's biggest studio would transform the streaming giant's business model, at a steep price.

Business Insider

Netflix's announced Warner Bros. Discovery deal is the latest example of the company changing course.

The Guardian

David Zaslav, CEO of Warner Bros Discovery, promised ‘everyone' would win by combining the storied Hollywood studios with his reality TV giant. Instead, many lost

TechCrunch

It's only been a day since Netflix announced an $82.7 billion deal to acquire Warner Bros., and the acquisition has already been described as sending Hollywood into “full-blown panic mode,” “possibly a death blow to theatrical filmmaking,” and maybe even “the end of Hollywood” itself.

Show All Sources

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Netflix To Acquire Warner Bros. Discovery’s Film and Streaming Businesses in Massive Deal

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