Netflix has officially announced its plans to purchase Warner Bros. Discovery’s studio and streaming businesses. The proposed acquisition is valued at $82.7 billion USD (around $115.4 billion CAD).

Confirmed via Netflix, the company reveals that the deal has been agreed upon in a cash and stock transaction, valued at $27.75 per WBD share. However, the contingency is that Discovery Global will be broken off into a new publicly-traded company. This is expected to be complete by Q3 2026. Channels such as Discovery, CNN, and TNT will not be a part of the acquisition.

With this in mind, Netflix will acquire the studio and streaming rights of well-known IPs such as Game of Thrones, Harry Potter, Batman, The Sopranos, and The Big Bang Theory. These will join Netflix’s exclusive portfolio alongs

See Full Page