Netflix and Warner Bros. Discovery announced an agreement on Friday that will see the streaming giant acquire Warner Bros.

As part of the deal, Netflix will get Warner Bros.’ film and TV studios, including HBO Max and HBO, as well as Warner Bros. Games. The deal has a total enterprise value (including debt) of about US$82.7 billion (roughly CA$114.8 billion) and an equity value of US$72 billion (approximately CA$99.9 billion). Variety reports the deal came after a weeks-long bidding war with Paramount Skydance and Comcast.

In a release about the deal, Netflix said it “expects to maintain Warner Bros.’ current operations and build on its strengths, including theatrical releases for films.” Variety noted that Warner Bros. has deals to release films in theatres through 2029.

Moreover, Netf

See Full Page