Netflix is making headlines this time by buying one of Hollywood’s most famous studios. The streaming giant, led by Ted Sarandos, has won a high profile bidding battle to acquire Warner Bros film and TV studios, along with HBO and HBO Max, in a massive $82.7 billion deal. This move gives Netflix control over the studio behind iconic projects like Harry Potter, Superman, Batman, Game of Thrones, The White Lotus and Succession, among others. The deal also includes a huge collection of classic TV shows, including Friends and The Big Bang Theory.

Netflix Wins Big With Warner Bros Deal

In a press release, the company explained that the deal will be completed using both cash and company shares. Each Warner Bros Discovery (WBD) share is priced at $27.75. In total, the company is valued at aroun

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