Netflix is buying Warner Bros. in a deal worth $82.7 billion. This includes Warner Bros.’ film and TV studios, as well as the HBO Max and HBO streaming services. The deal, valued at $72 billion for the company’s equity, doesn’t include Warner Bros.’ video game developers. As part of the agreement, Warner Bros. Discovery’s Global Networks division will become a separate company, with this separation expected to be completed by the third quarter of 2026.
Ted Sarandos, co-CEO of Netflix, explained that their goal is to provide entertainment for everyone. By adding Warner Bros.’ extensive collection of beloved shows and movies – including classics like Casablanca and Citizen Kane, as well as popular series such as Harry Potter and Friends – to their own hit titles like Stranger Things, KPop Demon Hunters, and Squid Game, they’ll be even more successful. This combination will allow them to offer viewers more of the content they enjoy and shape the future of storytelling.
Greg Peters, Co-CEO, explained that buying Warner Bros. will make their services better and help their business grow for many years. He complimented Warner Bros.’ long history of creating great entertainment and believes that by combining their global reach with Warner Bros.’ content, they can reach more viewers, attract new fans to their streaming service, support the entertainment industry as a whole, and ultimately benefit shareholders.
David Zaslav, CEO of Warner Bros. Discovery, announced that the company is joining forces with Netflix. He explained that this partnership will allow both companies, known for their incredible storytelling, to reach a wider audience and continue delivering beloved entertainment for many years to come. Zaslav highlighted Warner Bros.’s long history of captivating audiences and shaping popular culture, and expressed confidence that this collaboration will ensure those stories continue to resonate with people around the world.
Warner Bros. owns many popular franchises – including DC Comics, Mortal Kombat, and Harry Potter – that also have connections to video games. This raises questions about how Warner Bros.’ gaming interests might evolve. Meanwhile, Netflix has had an uneven experience with gaming, facing layoffs and recently ending its partnership with the developers of games like Cozy Grove and Spirit Crossing, Spry Fox.
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2025-12-05 16:41