US NEWS: Netflix announced Friday that it has reached an agreement to buy Warner Bros in a deal valued at $82.7 billion, a landmark transaction that would unite the global leader in streaming with one of the most legendary studios in Hollywood history.
The acquisition would bring a vast library of beloved films and franchises, including the entire Harry Potter series and timeless classics such as Casablanca, directly into Netflix’s portfolio.
In a statement released by the company, Netflix explained that the purchase will proceed once Warner Bros Discovery completes its previously announced spinoff of its television networks division. That business will operate independently under the name Discovery Global, with the separation now expected to be finalized during the third quarter of 2026. The Netflix-Warner Bros merger is slated to close soon after that step is completed.
The agreement represents one of the largest media mergers in recent years and underscores Netflix’s strategy to secure ownership of premium content as competition in the streaming industry continues to intensify. Further details about financing and regulatory review were not disclosed in the initial announcement.
