Netflix has revealed plans to acquire Warner Bros Discovery’s film and television studios, including the highly regarded streaming service HBO Max, in a deal estimated at around $108.5 billion. This announcement follows a competitive bidding war between Netflix and Paramount, led by David Ellison, for complete ownership of Warner Bros.
The acquisition is set to significantly enrich Netflix’s content offerings, bringing iconic shows and movies such as The Big Bang Theory, Game of Thrones, and The Wizard of Oz to its platform. This expansion will bolster Netflix’s already sizable library and potentially attract a larger audience eager for classic entertainment.
Netflix anticipates that the transaction will be completed after Warner Bros spins off its global networks division, Discovery Global, which is expected to happen in the third quarter of 2026. This merger not only enhances Netflix’s standing within the streaming landscape but also paves the way for fresh content creation and increased viewer engagement, catering to the diverse tastes of its subscriber base.
With the introduction of these beloved franchises, Netflix is well-positioned for a promising future, looking to further captivate audiences and stay ahead in the ever-competitive streaming market.