Netflix Acquires Warner Bros Discovery in $72 Billion Mega Deal

Netflix purchases Warner Bros Discovery for $72 billion, acquiring notable franchises and streaming services. The deal, resulting from a bidding war, strengthens Netflix's position in Hollywood but faces antitrust scrutiny. Netflix claims the merger could benefit consumers with bundled offerings and commits to cinema releases.

Netflix has made headlines with its acquisition of Warner Bros Discovery's TV, film studios, and streaming division for a substantial $72 billion. This strategic move provides control over some of Hollywood's most iconic properties, including 'Game of Thrones', 'DC Comics', and 'Harry Potter', and tilts the industry balance.

The announcement followed a fierce bidding war, with Netflix outmatching Paramount Skydance's offers. With this deal, Netflix aims to secure long-term rights to hit shows and cement its dominance without relying on external studios, as it explores growth prospects in gaming amidst its successful password-sharing crackdown.

However, Netflix faces potential antitrust challenges in the U.S. and Europe, given the vast subscriber base of Warner Bros Discovery, home to HBO Max. In response, Netflix has suggested that combining streaming services could reduce costs for consumers and pledged to continue Warner's cinematic releases to address industry concerns.