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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
December 5, 2025 - 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?
December 5, 2025 -

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
2 hours ago - The proposed Netflix-WBD deal received unfavorable reception, with many voicing concerns at how it would affect the entertainment industry. Three days later, on December 8, 2025, Paramount Skydance submitted a rival all-cash bid for the entirety of Warner Bros.
Discussions

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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December 5, 2025
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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December 5, 2025
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
🌐 r/OutOfTheLoop
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It’s Official: Netflix to Acquire Warner Bros. in Deal Valued at $82.7 Billion : movies
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BGR
bgr.com › 2054923 › netflix-bought-warner-bros-hbo-why-it-matters
Netflix Just Bought Warner Bros. And HBO: Here's Why It Matters - BGR
2 weeks ago - Netflix's proposed $82.7 billion acquisition of Warner Bros. sent shockwaves throughout the entertainment industry, but the story is far from over.
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CBS News
cbsnews.com › moneywatch › warner bros. discovery rejects paramount skydance's hostile bid
Warner Bros. Discovery rejects Paramount Skydance's hostile bid, saying Netflix's offer is superior - CBS News
3 weeks ago - The move follows competing bids for Warner Bros. Discovery, whose storied film library includes classics like "Casablanca" and the "Harry Potter" film series. Netflix agreed on December 5 to buy a part of Warner Bros.
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The Independent
the-independent.com › culture › film › news
Netflix to buy Warner Bros – but what does that mean for film and TV? | The Independent
3 weeks ago - This is why Netflix co-CEO Gregory Peters has suggested the likelihood of subscription bundles, which suggests customers might be able to own HBO Max if they don’t want Netflix. ... Warner Bros CEO David Zaslav made it clear, in a recording obtained by Business Insider, that “for people that only want HBO Max, they’ll be able to get it”. However, when Netflix takes over, he won’t have any say on what happens.
Find elsewhere
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CBC News
cbc.ca › news › business › netflix-warner-bros-movie-theatre-9.7010782
ANALYSIS | Why some worry the Netflix bid to buy Warner Bros. could kill moviegoing | CBC News
1 month ago - Why the massive merger of Netflix and Warner Bros. is proving so contentious · Though Netflix has agreed to buy Warner Bros. Discovery's TV and film studios and streaming division for $72 billion US, the deal is still subject to regulatory ...
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Variety
variety.com › 2025 › film › news › why-netflix-buying-warner-bros-ted-sarandos-1236604802
Why Netflix Is Buying Warner Bros., Why Paramount Launched Hostile Bid
1 month ago - Netflix is trying to set up its future as an unbeatable Hollywood studio by buying Warner Bros., but Ted Sarandos is going to have to fight for it.
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The Guardian
theguardian.com › film › 2025 › dec › 08 › netflix-buying-warner-bros-movie-theaters
Netflix buying Warner Bros is bad news for cinema and those of us who love it | Warner Bros | The Guardian
1 month ago - Did Netflix just exacerbate a bunch of seasonal affective disorders in cinephiles? Timed to ruin holidays like a round of end-of-year layoffs, the streaming giant announced plans to buy Warner Bros, a movie and television studio with a full-century ...
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BBC
bbc.com › news › articles › cn815egjqjpo
Trump says $72bn Netflix-Warner Bros deal 'could be a problem'
1 month 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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CBC News
cbc.ca › news › entertainment › us-netflix-warner-bros-acquisition-9.7004170
Netflix to acquire Warner Bros. Discovery for $72B US | CBC
December 7, 2025 - 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 media industry.
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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
2 weeks 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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CBC News
cbc.ca › news › entertainment › netflix-warner-bros-deal-concerns-9.7005518
Why the massive merger of Netflix and Warner Bros. is proving so contentious | CBC News
December 6, 2025 - Studios in Burbank, Calif. Netflix’s $72 billion proposal to acquire Warner Bros. Discovery, which includes HBO Max, would put two of the world's biggest streaming services under the same ownership.
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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
December 5, 2025 - 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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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
December 5, 2025 - 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).
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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
December 5, 2025 - Netflix to Acquire Warner Bros. Following the Separation of Discovery Global for a Total Enterprise Value of $82.7 Billion ... Netflix is ​​set to buy 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?
1 month 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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BBC
bbc.com › news › articles › ce91x2jm5pjo
Netflix to buy Warner Bros film and streaming businesses for $72bn
December 5, 2025 - 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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CNBC
cnbc.com › 2025 › 12 › 08 › paramount-skydance-hostile-bid-wbd-netflix.html
Paramount Skydance launches hostile bid for WBD after Netflix deal
1 month ago - Netflix won a bidding war for the Warner Bros. film studio and HBO Max streaming service, but it doesn't plan to buy WBD's TV networks.