In a landmark development in the entertainment industry, streaming giant Netflix announced on December 5, 2025, that it will acquire Warner Bros. from Warner Bros. Discovery (WBD). The transaction values Warner Bros. Studios at USD 82.7 billion, including equity worth USD 72 billion. With this grand deal, Netflix is poised to become one of the largest entertainment companies in the world, and not just the leading streaming or over-the-top (OTT) platform. Under the agreement, Netflix will take control of the Warner Bros. film and television companies HBO and HBO Max. Not only that, after the deal is completed, Netflix will be the new owner of iconic franchises of Warner Bros. such as Harry Potter , the DC Universe (DCU) - Superman , Batman , Wonder Woman, as well as Game of Thro

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