Netflix has announced a definitive agreement to acquire the film studio and streaming assets of Warner Bros. Discovery in a deal valued at approximately $72 billion.
The transaction includes the legendary Warner Bros. film studio, which houses franchises such as Harry Potter and DC Comics, as well as the HBO Max streaming service, which boasts a library of hits including Game of Thrones.
Warner Bros. Discovery will proceed with its planned spin-off of Discovery Global, which retains its portfolio of pay TV networks, including CNN and TNT.
The acquisition is priced at $27.75 per share, representing a significant premium for WBD shareholders who will receive a mix of cash and Netflix stock.
This move marks a significant strategic shift for Netflix, which has historically focused on creating its own content rather than acquiring legacy studios.
Co-CEO Ted Sarandos described the deal as a rare opportunity to unite premier talent and intellectual property under one roof, positioning the company for long-term dominance in the entertainment industry.
Key Takeaways:
- Netflix is buying Warner Bros. film studio and HBO Max for $72 billion.
- Shareholders will receive $27.75 per share in cash and stock.
- The deal is expected to close in 12 to 18 months, pending regulatory approval.
You may also want to check out some of our other recent updates.
Wanna know what’s trending online every day? Subscribe to Vavoza Insider to access the latest business and marketing insights, news, and trends daily with unmatched speed and conciseness! 🗞️
