Name: Netflix set to buy Warner Bros. in deal valued at $83 billion
Uploaded: 2025-12-06T02:29:44.000Z
Duration: 3 min
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Netflix is announcing a definitive agreement to buy Warner Bros. in a multibillion-dollar deal.

The streaming giant says this quote brings together two pioneering entertainment businesses,

combining Netflix's innovation with Warner Bros.' long legacy of world-class storytelling.

This is a megadeal. Netflix paying $72 billion to buy Warner Bros.

Really combining that legacy Hollywood studio with the pioneer of online streaming.

You know, if you were to go on the Netflix app, if this deal goes through, you would be able to find HBO franchises.

So the Sopranos, Game of Thrones, combined with Warner Bros. libraries, think of Harry Potter,

a lot of those huge screen names that you would then kind of find in one place in addition to Netflix,

which already has 300 million global subscribers.

When you think about combining this into a huge force in the streaming industry,

really the question is going to be, Diane, does this deal go through?

Now other media companies like Paramount and Comcast still have offers in to buy Warner Bros.

Do they just go away now or are those options still on the table?

As Netflix said on a call this morning with investors, it had the best offer.

And this was an incredibly heated bidding war because of just how valuable a lot of those Warner Bros. assets are.

Now keep in mind, as part of this, there will be a separate spin-off of some of the cable channels.

This was already announced earlier this year, Discovery Global.

So think of some of those streaming channels like CNN,

those will be spun off into a separate company that would be publicly traded.

So that would not become part of this Netflix deal.

But you know, you might expect there could be some further kind of questions in light of how intense that bidding war was.

Paramount had accused this process of being rigged toward Netflix.

We'll have to see kind of what they say in the wake of this and then really we'll have to see what, you know, the Trump administration, what other regulators say in the wake of this,

if they agree to sign off on this deal and this merger happening.

So we're going to be looking at exactly what those regulators say.

Do they give any hints on if they would approve this, that you know, this is a global deal.

So it also depends on regulators overseas.

But the hope, Netflix says, is that this deal would close in the next 12 to 18 months.

So that's a time frame, we're looking at a year and a half, potentially, for this deal to come through.

And, you know, just really hard to overstate, Diane,

just how notable this is when you think about the amount of money that's being paid here with.

We have seen some other deals before when you think about a tech company like Amazon, it bought MGM Studios.

So that kind of merger of tech and Hollywood.

But this takes this to an entirely new level, Diane.

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Netflix set to buy Warner Bros. in deal valued at $83 billion

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