&imwidth=800&imheight=600&format=webp&quality=medium "Netflix to acquire Warner Bros. Discovery for nearly $83 billion, including HBO MAX content")
The reports were indeed true. In a major business move of the entertainment world, streaming giant Netflix has signed its biggest deal yet, as it acquires the film and television studio Warner Bros. Discovery.
On Friday (5 December), in a joint announcement, both companies stated that Netflix will acquire Warner Bros., including its film and television studios, HBO Max, and HBO.
Netflix to buy Warner Bros. and HBO Max in $82.7 billion deal
This has been described as one of the most significant deals of the year, with the streaming giant, under the leadership of chairman Reed Hastings and co-CEOs Ted Sarandos and Greg Peters, is set to take control of one of Hollywood’s oldest studios.
In the joint statement released, it was confirmed that the streaming pioneer will acquire Warner Bros. for nearly $82.7 billion. Under this deal, Netflix will gain control of Warner Bros. iconic content, including its film and television studios, HBO Max, and HBO. This means Netflix will own popular shows like Game of Thrones, Harry Potter, and Friends, as well as DC Comics and other beloved franchises.
Trending Stories
)
Lift accident? Maintenance, builders & makers are ALL liable now, rules Supreme Court: 3 major regulations | WION Decodes
)
The Royals enter the Doctor Who universe: King Charles and Queen Camilla beam into Commonwealth Games in TARDIS
)
Delhi Consumer Court fines Indian Railways Rs 25,000 for making RAC passengers share one blanket
)
Argentina firefighting helicopter crashes, killing 7 on rescue mission
)
Kangana Ranaut clarifies her 'Generation Gutter' remark: 'Gen Z of our country are taking us to such heights' - watch
)
Assam floods 2026: Salman Khan, Alia Bhatt and other Bollywood celebrities extend support to affected families
)
India avoids higher US tariff, secures lower 10% rate. Here's how
)
Ramayana trailer X review: Ranbir Kapoor, Yash shine in a visual spectacle fans call 'cinema at its finest'
)
28-year-old woman PhD scholar dies of electrocution on Panjab University campus
)
‘One in Russia, another 20 km away’: Students claim they were wrongly named in Bihar NEET protest case
)
Underwater lightning bolts in the Pacific Ring of Fire baffle scientists
)
CJP founder Abhijeet Dipke returns to Maharashtra, receives grand welcome in hometown
)
Ramayana Part 1 trailer out! Ranbir Kapoor, Sai Pallavi and Yash lead Nitesh Tiwari’s epic saga
)
Brewery offering 'free beer' the day Trump dies has license revoked - 'Will have to pry me out of my taprooms'
)
'There is no Pakistani Kashmir, only Pakistan-occupied Kashmir': Indian Embassy in US calls out 'misleading' NYT headline
)
3.6mn people track 24hr Qantas flight from Melbourne to Toulouse: Pilot shifts, fuel tank and other details
)
ITR filing without Form 16? Here’s how salaried taxpayers can submit returns before July 31 deadline
)
Cat’s bizarre reaction before Japan earthquake goes viral: Did it detect the tremors?
)
After BTS' Grammys boycott, HYBE breaks silence: 'This is not a boycott at the company level'
)
DSP among 7 policemen killed as militants storm Pakistan checkpost; 8 attackers dead
)
NEET Protests riddled with misinformation? Delhi Police blocks 480 Pakistan-based handles spreading 'fake news' since Operation Sindoor
)
North Korean colonel killed by firing squad for stealing grain as 'deeply shaken' officers watched
)
'Powerful response': US launches fresh revenge strikes on Iran after Trump vow to 'hit back hard'
)
Trump says Iranian school bombing photos could be AI-generated - 'I don’t think...'
)
Are you an Indian on an H-1B visa? New US bill could make getting Green Card easier
)
582 tonnes, 150 million°C, 60 years: WION Decodes the mind-boggling numbers behind China's 'Artificial Sun'
)
Claude AI down? Anthropic confirms outage as users face errors across chatbot and API
)
Commonwealth Games 2026 Day 8: India's full schedule, medal events and match timings
)
Explosions heard on LNG vessels at Egypt's Damietta Port; fire erupts
)
Student denied admission to IIT Kanpur's cybersecurity program hacks websites to prove a point
)
Nearly Rs 29 crore cash, 15 kg gold found at ex-bus driver's house in West Bengal
As per Variety, the billion-dollar deal has the total enterprise value (including debt) of approximately $82.7 billion, with an equity value of $72 billion, the companies said in a statement.
The deal has been finalised after a weeks-long bidding war that had the streaming giant against David Ellison’s Paramount Skydance and Comcast.
After the new deal, Netflix said it continues to maintain Warner Bros' current operations and follow its regular plan without any disruption or major change.
Netflix said it expects “to maintain Warner Bros.’ current operations and build on its strengths,” including theatrical releases for films.
Will HBO Max's content be available on Netflix?
As per recent updates, Netflix will keep HBO Max as a separate streaming service and will not merge with the streaming platform. At the same time, it might be possible that some of HBO Max's content will be available on Netflix as well.
“By adding the deep film and TV libraries and HBO and HBO Max programming, Netflix members will have even more high-quality titles from which to choose,” the company said. “This also allows Netflix to optimize its plans for consumers, enhancing viewing options and expanding access to content.”
The deal is expected to close in the next 12-18 months.
(This is a breaking story)
