Netflix announces the acquisition of Warner Brothers
Updated By: History Editorial Network (HEN)
Published:
4 min read
Netflix has officially announced a blockbuster deal to acquire Warner Bros., one of Hollywood’s most iconic entertainment companies, including its film and television studios, HBO and HBO Max streaming services, DC Entertainment/DC Studios, and a massive library of beloved franchises like Harry Potter, DC Universe, and Game of Thrones. This strategic move — valued at approximately $82.7 billion in enterprise value — marks a historic shift in the media landscape, combining Netflix’s massive global subscriber base and data‑driven platform with Warner’s deep storytelling legacy and production capabilities. The Warner Bros. Discovery board has supported this merger over rival offers, recommending shareholders approve the Netflix agreement after a competitive bidding process that also saw interest from Paramount Skydance and others.
The announcement has sparked intense industry debate and regulatory scrutiny, with some praising the expanded creative potential and others warning about consolidation’s impact on competition, theaters, and entertainment choice. Paramount Skydance continues to challenge the deal, filing lawsuits and proposing a higher bid in hopes of swaying Warner shareholders, while regulatory bodies in the U.S. and abroad are expected to closely review the merger for antitrust concerns. If completed — likely over the next year or more pending approvals — the deal would redefine how movies, streaming, and gaming are delivered worldwide, positioning Netflix as an even larger powerhouse in global media.
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Primary Reference: Timeline_of_Netflix
Location: United States

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