Netflix Acquires Warner Bros. In $82.7 Billion Deal

Netflix has announced its acquisition of Warner Bros. in a groundbreaking deal valued at $82.7 billion, including an equity value of $72.0 billion, according to Netflix.

This historic transaction, revealed on December 5, 2025, will unite two entertainment giants, combining Netflix’s global streaming dominance with Warner Bros.’ century-long legacy of storytelling.

The acquisition includes Warner Bros.’ film and television studios, as well as HBO and HBO Max, bringing iconic franchises like Harry Potter, Game of Thrones, and the DC Universe under Netflix’s umbrella.

Netflix co-CEO Ted Sarandos expressed excitement about the merger, stating:

“Together, we can give audiences more of what they love and help define the next century of sto

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