
Netflix and Warner Bros. Discovery have agreed to a massive deal worth $87.2 billion. Netflix will be acquiring Warner Bros.’ film and television production, its valuable content library, and its entire gaming division.
The gaming division includes well-known developers like Rocksteady (known for the Batman: Arkham series), NetherRealm Studios (Mortal Kombat), Traveller’s Tales (LEGO games), and Avalanche Software (Hogwarts Legacy).
Netflix won the bid for Warner Bros. Discovery after competing against other companies, including Comcast and Paramount Skydance, who were also very interested in the purchase.
The deal still needs to be approved by regulators, but is currently projected to be finalized sometime in the third quarter of 2026.