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“Netflix Reaches $83 Billion Deal to Acquire Warner Bros. Discovery’s Studio & Streaming Assets” 🚨🚨🚨

In one of the most transformative moments in entertainment history, Netflix has agreed to acquire Warner Bros. Discovery’s studio and streaming businesses in an $82.7 billion deal, priced at $27.75 per share.

The deal includes the entire Warner Bros. studio division — home to iconic IP like Harry Potter, the DC Universe, The Lord of the Rings distribution rights, and thousands of legacy film and TV titles — as well as HBO Max and WBD’s streaming operations.

According to Netflix’s press release:

“The transaction is expected to close after the previously announced separation of WBD’s Global Networks division, Discovery Global, into a new publicly-traded company, now expected in Q3 2026.”

This means the deal won’t fully close for 12 to 18 months, assuming regulators do not intervene.

How Netflix Won

Netflix beat out rivals Comcast and Paramount Skydance, the latter of which publicly complained about the sales process, arguing that it sought to acquire the entire WBD business — including cable networks — rather than just studios and streaming.

Instead, WBD’s global networks will now be spun out into a standalone company called Discovery Global, leaving Netflix to take over the crown jewels: Warner Bros. studios + HBO Max.

What This Means for Netflix Users

For everyday subscribers, this deal could reshape the streaming experience:

▶ More major franchises under one roof

Expect future integration (over time) of Harry Potter, DC, HBO Originals, Warner Bros. classics, and more.

▶ Possible price changes

Large-scale acquisitions often lead to pricing reevaluations. Netflix hasn’t announced any changes yet, but analysts expect upward pressure.

▶ Content consolidation

Prestige HBO content and Netflix originals on a single platform would create the most powerful catalog in streaming history — but it also means fewer options across competitors.

▶ Potential HBO Max app changes

If Netflix fully merges HBO Max’s library into its own ecosystem, the standalone HBO Max experience could eventually be phased out or rebranded.

Market Response

Despite the historic scale of the deal, Netflix shares slipped about 3% in premarket trading, with investors signaling uncertainty over whether HBO Max will meaningfully increase Netflix’s market share or simply inflate costs.

Regulators, market conditions, and integration challenges will all shape the final outcome.

But if the deal closes, Netflix will instantly become the dominant force in premium film and TV content — marking a massive shift in the global entertainment landscape.