NEW YORK (AP) — Two of the most popular streaming services have agreed to combine, in a move that could change the streaming service landscape.

Netflix said Friday it will acquire the studio and streaming business of Warner Bros. Discovery, the legacy Hollywood giant behind “Harry Potter” and “Friends,” for $72 billion.

The transaction is expected to close in the next 12 to 18 months — after Warner completes its previously-announced separation of its cable operations. Not included in the deal are networks like CNN and Discovery.

Warner Bros. Discovery said in October it was open to selling all or parts of its business.

Here's a look at what the two streaming services offer and what might change if the deal completes regulatory hurdles and closes.

Netflix

Netflix, based in Los Gato

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