LOS ANGELES / NEW YORK — Dec 5 (GeokHub) Netflix has struck a deal to acquire Warner Bros Discovery’s film and TV studios along with its streaming business, in a deal valued at roughly US$72 billion — a move that may drastically change the global entertainment landscape.
Under the agreement, Netflix will take control of Warner Bros’ historic content library, studio operations and streaming platform, while WBD’s linear cable-network business will be spun off before the acquisition completes.
The deal emerged after a competitive bidding process and is seen as a strategic bet by Netflix to combine its global streaming reach with Warner’s deep roster of franchises, movies and television shows. The combined entity could give Netflix greater scale, broader content offerings, and enhanced production capabilities — positioning it as one of the most powerful players in Hollywood.
For Warner Bros Discovery shareholders, the deal promises a significant premium. For audiences and creators, the acquisition raises big questions about how this consolidation could reshape content distribution, creative output, and competition in film and streaming markets.
The agreement now heads into regulatory review — if approved, it could mark one of the largest media-industry transformations in decades.
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