In one of the most significant entertainment deals of the decade, Netflix has secured a landmark $72 billion agreement to acquire Warner Bros Discovery (WBD), giving the streaming giant control of one of Hollywood’s oldest and most influential studios. The deal marks a historic moment for the global media industry, reshaping the competitive landscape for years to come.

Sources familiar with the negotiations told Reuters that what began as a routine fact-finding exercise for Netflix quickly evolved into a serious acquisition attempt after Warner Bros Discovery opened a formal auction on October 21. Prior to that, WBD had rejected three unsolicited bids from Paramount’s Skydance consortium.

Why Netflix Wanted Warner Bros

Netflix executives were initially drawn by the opportunity to explor

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