Netflix seals massive deal with Warner Bros, HBO Max

Netflix made big news after announcing that it will buy Warner Bros., including its movies, TV shows, HBO and HBO Max, in a deal worth $82.7 billion.

The company’s share of the deal is about $72 billion, making this one of the largest mergers in entertainment history.

The shocking deal purchase came after Netflix competed with Paramount’s Skydance and Comcast to secure Warner Bros. Discovery. 

Once the deal closes, shareholders of the media entertainment services will receive $23.25 in cash and $4.50 in Netflix stock per share.

The streaming giant said that it will keep Warner Bros.’ current operations running, including movie releases in theaters through 2029.

Whereas, HBO Max will stay a separate streaming service for now, while the global streaming platform plans to slowly add Warner Bros. and HBO shows to its platform.

However, the company now expects to save $2 to $3 billion a year by the third year after the merger.

Netflix co-CEOs Ted Sarandos and Greg Peters said the merger could bring classic films like Casablanca and Harry Potter together with Netflix hits such as Stranger Things and Squid Game.

Warner Bros. Discovery CEO David Zaslav called it a major step for storytelling worldwide.

The move highlited how Netflix has grown from a streaming challenger to one of Hollywood’s most powerful players, combining iconic content, big franchises and global reach in one giant entertainment empire.

Furthermore, experts and sources also pointed out the irony that Netflix, which was once dismissed as a small threat, is now buying one of the biggest names in Hollywood.