Daijiworld Media Network – Los Angeles

Los Angeles, Dec 6: In a landmark Hollywood deal, Netflix has agreed to buy the film and streaming businesses of Warner Bros Discovery for $72 billion (£54 billion), setting the stage for a new era in global entertainment.

The streaming giant emerged as the successful bidder ahead of rivals Comcast and Paramount Skydance, finalising a drawn-out battle for the coveted studio that owns iconic franchises including Harry Potter and Game of Thrones, as well as the streaming service HBO Max.

Netflix co-CEO Ted Sarandos expressed confidence that the deal will secure regulatory approval and said combining Warner Bros’ storied library with Netflix originals like Stranger Things would “give audiences more of what they love and help define the next century o

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