The streaming giant Netflix has solidified itself as the King of Hollywood, announcing Friday its acquisition of Warner Bros. “Together, we’ll define the next century of storytelling, creating an extraordinary entertainment offering for audiences everywhere,” Netflix said in a statement

“Today, Netflix, Inc. (the Company) and Warner Bros. Discovery, Inc. (WBD) announced they have entered into a definitive agreement under which Netflix will acquire Warner Bros., including its film and television studios, HBO Max and HBO,” Netflix said. “The transaction is expected to close after the previously announced separation of WBD’s Global Networks division, Discovery Global, into a new publicly-traded company, which is now expected to be completed in Q3 2026.”

Earlier in the week, Paramount called

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