NEW YORK (AP) — Netflix has struck a deal with Warner Bros. Discovery to buy the legacy Hollywood giant’s studio and streaming business for $72 billion.

The acquisition, announced Friday, would bring two of the industry’s biggest players in film and TV under one roof.

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Beyond its namesake television and motion picture division, Warner owns HBO Max and DC Studios. And Netflix has rose to dominance as a household name ubiquitous to on-demand content, while building of its own production arm to release popular titles like

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