Netflix has announced a deal with Warner Bros. Discovery to acquire the Warner Bros. enterprise, including its film and television studios, and the HBO Max and HBO platforms. The total value of the agreement is estimated at approximately $82.7 billion, with the process expected to be completed after the third quarter of 2026.
Editorial sources report that the merger of the companies will combine Warner Bros.' century-old legacy with Netflix's global distribution capabilities, creating a wider and higher-quality content selection for audiences. Company executives have emphasized that this step will provide new production power, broader audience access, and long-term commercial advantages.
The information notes that according to the terms of the deal, Warner Bros. Discovery shareholders will receive both cash and Netflix shares for each share. Additionally, the separation of WBD's global networks division into a separate public company will be carried out before the completion of the transaction.
The companies have stated that the merger will not only expand the content portfolio but also serve to increase investments in original production, foster a creative environment, and strengthen the entertainment industry. The process will be finalized after all relevant regulatory approvals.