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Netflix
about.netflix.com › en › news › netflix-to-acquire-warner-bros
Netflix to Acquire Warner Bros. Following the Separation of Discovery Global for a Total Enterprise Value of $82.7 Billion (Equity Value of $72.0 Billion) - About Netflix
1 month ago - This acquisition brings together two pioneering entertainment businesses, combining Netflix’s innovation, global reach and best-in-class streaming service with Warner Bros.’ century-long legacy of world-class storytelling.
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Reddit
reddit.com › r/thebigpicture › what are the potential implications of netflix acquiring warner bros?
r/TheBigPicture on Reddit: What are the potential implications of Netflix acquiring Warner Bros?
1 month ago -

Speculation of whether this deal will actually happen with our current administration aside — what do people think are the potential implications of Netflix acquiring Warner Bros? Shorter theatrical windows? Warner Bros content — specifially what's on HBO Max — getting removed from streaming? A general enshittifcation of Warner Bros franchises? Just them having too large market share in general, making there be less competitive buyers from film and TV creators?

I can take some guesses as to the implications but don't work in the industry so they'd be fairly uneducated. What do you think will happen? What is your worst fear?

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Wikipedia
en.wikipedia.org › wiki › Proposed_acquisition_of_Warner_Bros._Discovery
Proposed acquisition of Warner Bros. Discovery - Wikipedia
16 hours ago - Discovery at US$82.7 billion enterprise value (US$72.0 billion equity value and $59 billion of debt from Wells Fargo, HSBC, and BNP Paribas), and prices post-split Warner Bros. shares at US$27.75. The proposal represented Netflix's first departure from its long-standing "builders, not buyers" approach, marking a shift toward acquisition-led expansion.
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Los Angeles Times
latimes.com › entertainment-arts › business › story › 2025-12-23 › battle-for-warner-bros-timeline-everything-you-need-to-know
The battle for control of Warner Bros.: Everything you need to know - Los Angeles Times
6 days ago - Warner Bros.’ sale has become the industry’s game of thrones. The streaming king, Netflix, hopes to buy a chunk of the company — HBO, HBO Max, Warner Bros. film and TV studios and the 110-acre lot in Burbank — through its $82.7-billion deal.
Discussions

It’s Official: Netflix to Acquire Warner Bros. in Deal Valued at $82.7 Billion
I am eagerly awaiting the e-mail telling me my subscription will go up by 50% next year... or more. More on reddit.com
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What is going on with the acquisition of Warner Bros. by Netflix?
Friendly reminder that all top level comments must: start with "answer: ", including the space after the colon (or "question: " if you have an on-topic follow up question to ask), attempt to answer the question, and be unbiased Please review Rule 4 and this post before making a top level comment: http://redd.it/b1hct4/ Join the OOTL Discord for further discussion: https://discord.gg/ejDF4mdjnh I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns. More on reddit.com
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Netflix has agreed to buy Warner Bros, including game developers behind Mortal Kombat, Hogwarts Legacy
Netflix needs to stay in their lane tbh More on reddit.com
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Netflix to Acquire Warner Bros. Following the Separation of Discovery Global for a Total Enterprise Value of $82.7 Billion
Yeah, yeah..."will maintain operations " Typical acquisitions. Give it two years... no HBO Max and massive layoffs/consolidation. More on reddit.com
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BBC
bbc.com › news › articles › cz687wv9vqxo
Warner Bros favours Netflix offer over $108bn Paramount bid
2 weeks ago - In a letter to Warner Bros shareholders, Netflix reiterated its stance that its bid for Warner Bros involves a clearer funding structure and less regulatory risk. Paramount could still come back with another offer, meaning the take-over saga ...
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Forbes
forbes.com › forbes homepage › business › media
Is Netflix Buying Warner Bros.? Where The Deal Stands After Paramount’s Hostile Bid
3 weeks ago - Several outlets have reported in recent days that Ellison has promised to make changes at Warner Bros.’s CNN, a network President Donald Trump believes should be purchased, should the hostile takeover go through. Consolidation in one version of the deal offers the prospect of two of the biggest contributors to “prestige TV,” Netflix and Warner Bros.’s HBO, to live under the same roof—talk about Emmy domination.
Find elsewhere
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BBC
bbc.com › news › articles › cn815egjqjpo
Trump says $72bn Netflix-Warner Bros deal 'could be a problem'
3 weeks ago - On Friday, the two companies said they had reached an agreement to bring Warner Brothers' franchises like Harry Potter and Game of Thrones to Netflix, creating a new media giant. The planned deal, which has raised concerns among some in the ...
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CNN
cnn.com › 2025 › 12 › 07 › business › warner-bros-visual-history
What is Netflix buying? A visual history of 100 years of Warner Bros. | CNN Business
4 weeks ago - Netflix announced Friday that it has agreed to acquire Warner Bros. Discovery’s studio streaming-focused company HBO Max for $82.7 billion, including debt.
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NYTimes
nytimes.com › 2025 › 12 › 06 › business › netflix-warner-bros-what-to-know.html
What to Know About Netflix’s $83 Billion Deal for Warner Bros. Discovery - The New York Times
1 month ago - The Warner Bros. studios in Burbank, Calif.Credit...Jae C. Hong/Associated Press ... Dec. 6, 2025 · Netflix announced on Friday that it planned to buy Warner Bros.
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CNBC
cnbc.com › 2025 › 12 › 05 › neflix-warner-bros-discovery-deal.html
Netflix to buy Warner Bros. film and streaming assets in $72 billion deal
1 month ago - The blockbuster deal brings together the streaming giant Netflix, which has upended the media industry in recent years, and the storied Warner Bros. film studio, known for its library including "The Wizard of Oz," the Harry Potter franchise ...
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CNN
cnn.com › 2025 › 12 › 05 › media › netflix-deal-warner-bros
Netflix announces deal to buy Warner Bros. and HBO | CNN Business
1 month ago - Netflix announced the blockbuster deal with Warner Bros. Discovery on Friday morning. It has agreed to buy the legendary TV and movie studio and assets like the HBO Max streaming service for $72 billion, plus debt.
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Reuters
reuters.com › legal › transactional › netflix-agrees-buy-warner-bros-discoverys-studios-streaming-division-2025-12-05
Netflix to buy Warner Bros Discovery's studios, streaming unit for $72 billion | Reuters
1 month ago - Netflix on Friday agreed to buy Warner Bros Discovery's TV, film studios and streaming division for $72 billion, a deal that would hand control of one of Hollywood's most prized and oldest assets to the streaming pioneer.
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Medium
rogermartin.medium.com › the-strategic-logic-of-the-netflix-warner-bros-deal-391015f6d315
The Strategic Logic of the Netflix-Warner Bros. Deal | by Roger Martin | Dec, 2025 | Medium
1 week ago - On December 5, 2025, Netflix reached an agreement to acquire the Warner Bros. assets for $72 billion. Of course, we don’t know yet how that will turn out. The first two deals destroyed over $50 billion of value for Time Warner shareholders ...
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Los Angeles Times
latimes.com › entertainment-arts › business › story › 2025-12-05 › netflix-prevails-in-warner-bros-discovery-bidding-opponents
Netflix agrees to buy Warner Bros. in an $82.7-billion deal that will transform Hollywood - Los Angeles Times
1 month ago - Netflix will also take on more than $10 billion in Warner Bros. debt, pushing the deal’s enterprise value to $82.7 billion. The deal would give Netflix over 420 million streaming subscribers worldwide, making it far larger than any competitor ...
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BBC
bbc.com › news › articles › ce91x2jm5pjo
Netflix to buy Warner Bros film and streaming businesses for $72bn
1 month ago - Netflix has agreed to buy the film and streaming businesses of Warner Bros Discovery for $72bn (£54bn) in a major Hollywood deal.
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Reddit
reddit.com › r/movies › it’s official: netflix to acquire warner bros. in deal valued at $82.7 billion
r/movies on Reddit: It’s Official: Netflix to Acquire Warner Bros. in Deal Valued at $82.7 Billion
1 month ago - Theaters: Netflix is saying they will adhere to theatrical agreements but what happens in 5 years or however long after all the WB theatrical agreements dry up, is Netflix going to sign new ones or just circumvent theatrical runs like they are doing with their own shit? Theaters are on life support now and this could very well be the beginning of the end for them. This is a terrible thing for consumers, for the industry, and for movie theaters. ... Complementary strengths and assets: Warner Bros.’ studios are world-class, with Warner Bros.
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Reddit
reddit.com › r/outoftheloop › what is going on with the acquisition of warner bros. by netflix?
r/OutOfTheLoop on Reddit: What is going on with the acquisition of Warner Bros. by Netflix?
3 weeks ago -

I've seen the news online that Netflix has bought Warner Bros., and I was a bit confused by... a lot of things.

First of all, why did this acquisition happen? For as long as I can remember, Warner Bros. has always been one of the biggest studios in Hollywood, with so many iconic movies and franchises owned by it. I know they weren't doing so hot lately, but I thought they were at least able to keep themselves going without that much support from others. It's kinda weird to hear that it is now OWNED by someone.

Secondly, why does the news that Netflix might buy WB get such a bad reaction from people online? I know Netflix is notorious for canceling shows way too early and continuing shows people are really sick about, and they are also blamed for how many shows these days release their seasons every two years instead of a few months or 1 year. Are there more reasons why that acquisition is so controversial?

https://www.bbc.com/news/articles/ce91x2jm5pjo

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Answer: A few years back AT&T sold WB to Discovery, and part of the deal of selling it was that Discovery would take on a lot of its debt. Discovery hasn't pulled off a miracle, so it still has a huge amount of debt. It considered just selling its cable channels since they don't make much money any more, but are now looking to sell the whole thing. Also, you may have recently heard that Skydance bought Paramount. These sorts of mergers are very hard to pull off because the government, specifically the FCC and the FTC try to appear non partisan and don't want the media controlled by any one person or company. It just so happens Skydance is owned by Larry Ellison's son and they are both really friendly with the Trump administration and the AI boom has made Larry Ellison at times the richest man in the world. So this may be a once in a lifetime opportunity where they have the money and the politcal support to pull this off. So they put in their bid which the Trump administration doesn't say shit about blocking, now Netflix moves in with a better bid and if the Trump administration now were to say oh no you can't do this only our special friend Larry Ellison can they would look really bad. Essentially this merger wouldn't just mean there will be fewer movie studios and streaming services but Skydance already owns CBS and WB owns CNN so if Skydance was allowed to buy WB it would have control over a large chunk of the news on top of other tv, music, and movies. I did hear speculation that Netflix put in their bid knowing it probably wouldn't go through and that the Trump administration would just drag their feet and never end up approving it and I think that would be the best outcome if they all end up staying independent.
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Answer: To answer your questions: The acquisition happened during a rough period in WB’s history caused by a series of weak movies and the COVID-19 pandemic threatening theaters as a whole. The biggest problem was the string of failures with the DC Extended Universe, WB’s answer to Disney’s Marvel Cinematic Universe. The big problem with Netflix getting WB is that the company is more focused on streaming and not theaters. The big worry is that Netflix gets WB, there’s the worry that this will mean fewer films in theaters at a period where theaters are actively hurting
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Reddit
reddit.com › r/ps5 › netflix has agreed to buy warner bros, including game developers behind mortal kombat, hogwarts legacy
r/PS5 on Reddit: Netflix has agreed to buy Warner Bros, including game developers behind Mortal Kombat, Hogwarts Legacy
1 month ago - Netflix has agreed to acquire Warner Bros, including developers behind Mortal Combat and Hogwarts Legacy ... Netflix has agreed to buy Warner Bros, including game developers behind Mortal Kombat, Hogwarts Legacy | VGC
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The Guardian
theguardian.com › film › 2025 › dec › 05 › what-does-netflix-hope-to-achieve-by-buying-warner-bros
The end of big-screen cinema? What Netflix hopes to achieve by buying Warner Bros | Movies | The Guardian
1 month ago - In the end, though, the reason Netflix bought Warner Bros is surely to get its hands on the machinery of making big-scale, big-money, big-screen entertainment; something it’s tried and failed to do in the past.
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Reddit
reddit.com › r/pcgaming › netflix to acquire warner bros. following the separation of discovery global for a total enterprise value of $82.7 billion
r/pcgaming on Reddit: Netflix to Acquire Warner Bros. Following the Separation of Discovery Global for a Total Enterprise Value of $82.7 Billion
1 month ago - Netflix is only buying the studios. Learn to read bud... ... The press release mentions the acquisition includes their library and that Netflix will continue Warner Bros current operations (which would include Games publishing).