Netflix Strikes Landmark Deal to Absorb Warner Bros. Studios in $82.7 Billion Power Move

In a historic move set to reshape entertainment, Netflix has agreed to acquire Warner Bros. from Warner Bros. Discovery in an $82.7 billion cash-and-stock transaction, bringing legendary franchises like DC, Harry Potter, HBO’s prestige dramas, and classics from Casablanca to The Matrix under the Netflix banner, while preserving Warner’s theatrical release tradition and integrating HBO Max; the deal, expected to close in 2027 following WBD’s planned separation of its studio and streaming assets, promises billions in cost synergies, stronger global reach, and an unrivaled content library that unites Netflix originals with a century of Hollywood legacy.