Netflix has announced that it has entered into a definitive agreement to acquire Warner Bros.
The deal will bring together Netflix’s powerful streaming service and Warner Bros' century-long legacy in storytelling.
Netflix expects to maintain Warner Bros’ current operations and build on its strengths, including releasing films in theatres.
Netflix has announced that it has entered into a definitive agreement to acquire Warner Bros from Warner Bros Discovery (WBD). In its announcement post, the streaming giant revealed that the cash-and-stock deal is valued at $27.75 per WBD share, with a total enterprise value of about $82.7 billion (around Rs 743.75 crore). The acquisition is expected to be completed after WBD finishes the previously announced separation of its Global Networks division in Q3 2026.
SurveyThe deal will bring together Netflix’s powerful streaming service and Warner Bros’ century-long legacy in storytelling. With this move, Netflix will gain access to Warner Bros’ film and TV studios, as well as HBO and HBO Max. This means iconic franchises and hit shows such as The Big Bang Theory, The Sopranos, Game of Thrones, The Wizard of Oz and the DC Universe will join Netflix’s lineup, which already includes global favourites like Wednesday, Money Heist, Bridgerton, Adolescence and Extraction.
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“This acquisition will improve our offering and accelerate our business for decades to come,” said Netflix co-CEO Greg Peters. “Warner Bros has helped define entertainment for more than a century and continues to do so with phenomenal creative executives and production capabilities. With our global reach and proven business model, we can introduce a broader audience to the worlds they create—giving our members more options, attracting more fans to our best-in-class streaming service, strengthening the entire entertainment industry and creating more value for shareholders.”
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Netflix expects the move to offer more choice to viewers, create new opportunities for creators and strengthen the entertainment industry. Also, the streaming giant plans to maintain Warner Bros’ current operations and build on its strengths, including releasing films in theatres.
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Ayushi Jain
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