Streaming giant Netflix said Friday it will buy film and television studio Warner Bros. Discovery for nearly $83 billion, the entertainment industry’s biggest consolidation deal this decade.

The acquisition gives Netflix access to a vast film catalog as well as the prestigious streaming service HBO Max.

Over the decades, Warner Brothers has produced film classics including “Casablanca” and “Citizen Kane”, as well as more recent blockbuster shows including “The Sopranos”, “Game of Thrones” and the “Harry Potter” movies.

“Together, we can give audiences more of what they love and help define the next century of storytelling,” said Ted Sarandos, co-CEO of Netflix, which has produced global hits including “Stranger Things”, “KPop Demon Hunters” and “Squid Games”.

The biggest previous such

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