Netflix is on the cusp of making history with its proposed acquisition of Warner Bros., marking a major shift in the entertainment landscape. In a deal valued at approximately $83 billion, the streaming giant has agreed to purchase the iconic media conglomerate, including its film and television studios, HBO Max, and HBO.
Under the terms of the agreement, Netflix is poised to gain access to an extensive library of beloved franchises, shows, and movies, including "The Big Bang Theory," "Game of Thrones," and "Harry Potter." These additions will join Netflix's existing portfolio, which already boasts hits like "Wednesday," "Money Heist," and "Bridgerton."
According to Ted Sarandos, co-CEO of Netflix, the acquisition represents a significant opportunity for the company to expand its offerings and further solidify its position in the streaming market. By combining Warner Bros.' rich legacy with its own culture-defining titles like "Stranger Things" and "Squid Game," Netflix aims to create an unparalleled entertainment experience for audiences worldwide.
The deal, which has a total enterprise value of approximately $82.7 billion, is structured as a cash and stock transaction, with Netflix taking on the majority of the risk. The acquisition is expected to be completed in stages, with the previously announced separation of Warner Bros.' Global Networks division into a new publicly-traded company now slated for completion in Q3 2026.
While the details are still being worked out, one thing is clear: this acquisition has the potential to reshape the entertainment industry and cement Netflix's status as a leader in the streaming space.
Under the terms of the agreement, Netflix is poised to gain access to an extensive library of beloved franchises, shows, and movies, including "The Big Bang Theory," "Game of Thrones," and "Harry Potter." These additions will join Netflix's existing portfolio, which already boasts hits like "Wednesday," "Money Heist," and "Bridgerton."
According to Ted Sarandos, co-CEO of Netflix, the acquisition represents a significant opportunity for the company to expand its offerings and further solidify its position in the streaming market. By combining Warner Bros.' rich legacy with its own culture-defining titles like "Stranger Things" and "Squid Game," Netflix aims to create an unparalleled entertainment experience for audiences worldwide.
The deal, which has a total enterprise value of approximately $82.7 billion, is structured as a cash and stock transaction, with Netflix taking on the majority of the risk. The acquisition is expected to be completed in stages, with the previously announced separation of Warner Bros.' Global Networks division into a new publicly-traded company now slated for completion in Q3 2026.
While the details are still being worked out, one thing is clear: this acquisition has the potential to reshape the entertainment industry and cement Netflix's status as a leader in the streaming space.