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Industry

Netflix strikes a deal to buy Warner Bros. Discovery for more than $80 billion

Netflix has reached a significant agreement to acquire Warner Bros. Discovery's film and streaming assets for approximately $72 billion, a move that unites one of Hollywood's most iconic studios with the world's largest streaming platform. While the deal is poised to reshape the entertainment landscape, it is pending regulatory approval and has sparked diverse reactions across the industry regarding its potential impact.

Netflix strikes a deal to buy Warner Bros. Discovery for more than $80 billion

Credit: Qz

Key Highlights

  • Netflix will pay $72 billion for Warner Bros. Discovery's studio and streaming division.
  • The acquisition includes control over HBO and HBO Max.
  • The deal faces regulatory scrutiny before it can be finalized.
  • Netflix outbid competitors like Paramount Skydance and Comcast for the acquisition.
  • Industry reactions vary, with some expressing concern over the implications for Hollywood.
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Sources

  1. Netflix strikes a deal to buy Warner Bros. Discovery for more than $80 billion
  2. Netflix to acquire Warner Bros.’ studios and HBO Max in landmark $72 billion deal
  3. Netflix to buy Warner Bros Discovery’s studio & streaming division for $72 billion
  4. International Industry React To Netflix-WB Bombshell With Indies Lamenting “Death Of Hollywood”, But Studio Vets More Upbeat
  5. “Watch Out, Netflix”: Overseas Analysts Weigh In On Complexities Of Streamer’s Mega-Deal For Warner Bros. Discovery

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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