Netflix buys Warner Bros. for $82.7 billion: a historic move in the industry review

Netflix acquires Warner Bros. in a gigantic operation that redefines the future of global entertainment.

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Netflix has announced the acquisition of Warner Bros. for a total enterprise value of $82.7 billion, one of the largest deals ever made in the entertainment sector. The company will integrate the film and television studios, along with HBO and HBO Max, following the separation from Discovery Global in 2026.

According to the published details, the platform will maintain Warner Bros.’ current operations for now, while working on the transition to a unified catalog that will combine the studio’s classics with Netflix’s original offerings. The company claims that the union will offer more options and better value to consumers, as well as open up new opportunities for creators and studios.

Netflix and Warner Bros.: A Merger That Changes the Entertainment Landscape

The operation aims to combine Netflix’s global reach with Warner Bros.’ legacy, which includes franchises like Harry Potter, The Lord of the Rings, DC, The Big Bang Theory, Game of Thrones, and The Sopranos. With this acquisition, Netflix takes control of one of the most valuable libraries in the industry.

What Changes Can We Expect Now?

According to the official acquisition documents, the key points are:

• Netflix will maintain Warner Bros.’ current operations.

• Integration of HBO and HBO Max content within the Netflix ecosystem.

• More catalog: the merger will provide access to one of the largest audiovisual libraries in existence.

• Increased investment in original productions thanks to the expansion of capacity and resources.

• More opportunities for creators by combining Netflix’s global platform with Warner Bros.’ franchises and properties.

• Estimated annual cost savings of $2-3 billion starting from the third year.

• The operation is expected to close after the separation from Discovery Global, scheduled for Q3 2026.

A New Era for HBO, Max, and Film Studios

Netflix confirms that the Warner Bros. brand will continue to exist and that the studio will keep producing films for theatrical releases, although content integration on the platform will be gradual. HBO and Max will also be part of the expanded ecosystem, which could lead to future changes in their services.

With this agreement, Netflix becomes the largest audiovisual conglomerate in the world, solidifying its position in an increasingly competitive market.