Netflix and Warner Bros. Discovery have agreed that Netflix will acquire Warner Bros., which includes its film and TV studios, HBO Max, and HBO. The deal is worth about $82.7 billion in total, with USD 72.0 billion as the equity value. It will be a combination of cash and stock, valued at USD 27.75 per Warner Bros. Discovery share.
The acquisition will happen after the separation of Discovery Global, the global networks division of Warner Bros. Discovery, into a new public company. This separation is expected to be completed by the third quarter of 2026.
This deal combines Netflix’s leading media streaming service with Warner Bros.' long history of making iconic stories. Popular shows and movies like The Big Bang Theory, Game of Thrones, and The Wizard of Oz will be added to Netflix’s already impressive library, which includes hits like Bridgerton and Money Heist. This acquisition will offer even more amazing content to Netflix's global audience.
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“Our mission has always been to entertain the world,” said Ted Sarandos, co-CEO of Netflix. “By combining Warner Bros.’ incredible library of shows and movies—from timeless classics like Casablanca and Citizen Kane to modern favorites like Harry Potter and Friends—with our culture-defining titles like Stranger Things, KPop Demon Hunters and Squid Game, we'll be able to do that even better. Together, we can give audiences more of what they love and help define the next century of storytelling.”
“This acquisition will improve our offering and accelerate our business for decades to come,” continued Greg Peters, co-CEO of Netflix. “Warner Bros. has helped define entertainment for more than a century and continues to do so with phenomenal creative executives and production capabilities. With our global reach and proven business model, we can introduce a broader audience to the worlds they create—giving our members more options, attracting more fans to our best-in-class streaming service, strengthening the entire entertainment industry and creating more value for shareholders.”
“Today’s announcement combines two of the greatest storytelling companies in the world to bring to even more people the entertainment they love to watch the most,” said David Zaslav, President and CEO of Warner Bros. Discovery. “For more than a century, Warner Bros. has thrilled audiences, captured the world’s attention, and shaped our culture. By coming together with Netflix, we will ensure people everywhere will continue to enjoy the world’s most resonant stories for generations to come.”
Source:
Newsroom: Netflix
Company: Netflix
