Netflix to Acquire Warner Bros Film and Streaming Divisions in Landmark $72bn Deal

Netflix has reached an agreement to acquire the film and streaming businesses of Warner Bros Discovery for $72bn, a move that is poised to reshape Hollywood and accelerate consolidation across the entertainment industry. The deal places Netflix ahead of major competitors including Comcast and Paramount Skydance, which had also been in the running during a prolonged bidding process.

The acquisition covers Warner Bros’ vast film library and its major franchises, including Harry Potter and Game of Thrones, along with control of the HBO Max streaming service. Analysts say the deal positions Netflix as one of the most powerful studios in the world, giving it unparalleled ownership of content and strengthening its ability to compete in a crowded global streaming market.

Industry experts note that integrating Warner Bros’ assets could allow Netflix to diversify its offerings, expand theatrical production and deepen its foothold in premium television. However, the takeover will undergo rigorous scrutiny from competition regulators in both the United States and international markets. Authorities are expected to examine whether the deal could limit consumer choice or give Netflix too much market influence.

If approved, the transaction would mark one of the biggest entertainment mergers in history and could prompt further consolidation among rival media companies. For Warner Bros Discovery, the sale reflects growing financial pressures and a strategic shift as the company looks to streamline operations.

Netflix has not yet detailed its long term plans for HBO Max or how it will manage the newly acquired franchises. For now, the announcement signals a dramatic turning point for Hollywood, one that could redefine how content is produced, distributed and consumed worldwide.