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.

2 weeks ago - Netflix estimates it will find $2bn to $3bn in savings, mostly through eliminating overlaps in the support and technology areas of the businesses. Films made by Warner Bros will continue to be launched in cinemas, it said, and Warner Bros television studio will continue to be able to produce for third parties.

8 hours ago - But in a dramatic plot twist in ... famous movie studios, Warner Brother's board "unanimously" recommended rejecting the offer and agreed the deal with Netflix was in the firm's best interests....

3 days ago - Netflix emerged victorious in the bidding war and announced its deal with WBD to acquire its streaming and studios division (which includes assets like Warner Bros., HBO/HBO Max, DC Studios/DC Entertainment, and the company's media library) ...

2 weeks 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.

2 weeks ago - The massive deal to combine one of Hollywood's oldest studios with a streaming giant hasn't even been approved yet, but it's already riling multiple related industries and politicians concerned about monopolies and media concentration.

12 hours ago - WBD board chair Sam DiPiazza told CNBC on Wednesday morning that the shareholder vote won’t happen until the spring or “early summer.” · In the short run, not much. Netflix has already entered into its deal with Warner Bros., and now ...

17 hours ago - Warner Bros. Discovery agreed this month to sell a large part of its business to Netflix in a cash-and-stock deal worth $83 billion, spurning an all-cash offer by Paramount to buy all of the company for $108 billion.

On December 5, Netflix and WBD announced a fully negotiated and financed definitive agreement under which Netflix will acquire Warner Bros., including its film and television studios, HBO Max and HBO.

1 week ago - The deal will unite beloved historic franchises like Looney Tunes, Harry Potter and Friends and HBO hits like Succession, Sex and the City and Game of Thrones under the same roof as Netflix's less conventional output, including Stranger Things and KPop Demon Hunters. The purchase also includes TNT Sports outside the US. Netflix said it hoped to complete the deal within the next 18 months. But executives are coy about how - or whether - they plan to incorporate Warner Brothers and its flagship HBO brand into the existing Netflix service.

1 day ago - The decision to recommit to Netflix's (NFLX.O), opens new tab buyout offer would mark the latest twist in the race for assets that include Warner Bros' storied film and TV studio, and its extensive film and television library, whose portfolio includes classics ranging from "Casablanca" and "Citizen Kane" to contemporary favorites like "Harry Potter" and "Friends".

2 weeks ago - Warner Bros. Discovery (WBD) said it is moving forward with its plans to split into two publicly traded halves in 2026. Once the split takes effect, Netflix intends to acquire the Warner half.

4 days ago - If Netflix gets the deal they want, they will buy Warner Bros' crown jewels – the 102-year-old studio, HBO, and its vast archive of films and TV shows – leaving Warners's legacy TV networks, like CNN, TNT Sports and Discovery, for another buyer.

1 week ago - The Warner Brothers deal would give Netflix control of the studio behind franchises including Harry Potter, Batman and Superman, as well as HBO, home to shows including Game of Thrones, The White Lotus and Succession.

2 weeks ago - As part of the deal, Netflix will acquire the Warner Bros. film and television studios, HBO/HBO Max including their respective libraries and DC Entertainment/DC Studios while the linear networks will be retained by Discovery Global.

2 weeks ago - The acquisition is expected to close after Warner Bros. Discovery carves out its cable unit, which the companies expected to be completed by the third quarter of 2026. That means there will be a separate public company controlling channels like ...

1 week ago - Netflix has agreed to buy Warner Bros. Discovery's TV and film studios and streaming division for $72 billion US, a deal that would hand control of one of Hollywood's most prized and oldest assets to the streaming pioneer that has upended the ...

6 days ago - The top question right now: Is Netflix still buying Warner Bros.? Paramount’s $108 billion hostile takeover bid for Warner Bros. on Monday, less than three days after Netflix struck its agreement, has thrown the future of the deal, and of media generally, into uncertainty.

2 weeks ago - ​A press release ​i​ssued by the two companies​ included a familiar promise: the proposed combination​ will generate “more choice, more opportunities, more value” for Hollywood, investors and viewers, it said. ​Two troubled takeovers of Warner Bros ago, Netflix was an upstart streaming service licensing old movies and TV series for people to watch on their computers.