Netflix agrees to acquire WBD's studios and streaming business in an $82.7B cash-and-stock deal, set to close after WBD splits into two companies in Q3 2026

Deal will transform US tech company into the dominant player in Hollywood — Netflix has agreed an $83bn takeover of Warner Bros Discovery …

Financial Times 2025-12-05 Daniel Thomas

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What's on Netflix Kasey Moore on x
Netflix Acquires Warner Bros. Including HBO Max, HBO Plus Film & TV Division
@jasonkilar Jason Kilar on x
If I was tasked with doing so, I could not think of a more effective way to reduce competition in Hollywood than selling WBD to Netflix
@ashleevance Ashlee Vance on x
Hi, @netflix. Once you close this acquisition, I have a great idea for your first show.
@lucas_shaw Lucas Shaw on x
Senator Warren comes out against the Netflix-WBD deal. [image]
@ziggys_duck @ziggys_duck on x
Netflix CEO announcing price increase now that it owns The Wire, The Sopranos & GOT. [video]
@lizrhoffman Liz Hoffman on x
Former CEO of WarnerMedia👇🏼
@pkafka Peter Kafka on x
A real test for Trump 2.0: Can Larry and David get him to kill a $83 billion deal? https://www.businessinsider.com/ ...
@mikeisaac Rat King on x
question now — which media reporters will know the answer to better than i — is whether Ellison goes beast mode and starts hucking rocks (lawsuits, hostile takeover, ???) to tear apart the deal
@sherman4949 Alex Sherman on x
Big picture view: It's very surprising Netflix has done this. I know they change their mind on everything, and there are extremely good strategic reasons for doing this deal in many different ways, but this is the least likely outcome I would have guessed 3 months ago.
@austincarr Austin Carr on x
@MikeIsaac Wild that Ted Sarandos once said Netflix's “goal is to become HBO faster than HBO can become us” Then just ~12 years later, Ted enters agreement to buy HBO as just 1 piece of deal valued at less than 1/5th Netflix's market cap. I guess HBO Now/Go/Max/etc did not move f…
@mikeisaac Rat King on x
truly did not expect this, thought paramount had acquisitions on lock netflix's achilles heel was always not owning any real franchise IP. (though not for lack of trying) WBD library is brimming with em. a goliath among streamers, now on steroids https://www.nytimes.com/... [imag…
@gentledoofus @gentledoofus on x
Netflix, by far the largest streamer, absorbing HBO Max, which is the third largest, really should set off monopoly alarm bells, not to mention what this terrible news could be for movie theaters and physical media.
@brianstelter Brian Stelter on x
Wow. Netflix has triumphed in the bidding war for Warner Bros. and HBO. https://www.cnn.com/...
@tomwarren Tom Warren on x
it's official, Netflix is buying Warner Bros. for $83 billion. The streamer will acquire the Warner studio, both HBO and HBO Max, and access to IP including Harry Potter, Game of Thrones, and DC Comics https://www.theverge.com/...
@moleyg George on bluesky
Goodbye theatrical releases, physical media, and auteur swings. Hello monopolies, algorithmic slop, and the furthering of a dumbed down anti-art society.
@leafwarbler @leafwarbler on bluesky
Hmm... is this better than the Ellis empire gobbling HBO et al up? I sure hope so, although Netflix hasn't been that great either, but at least so far they haven't been as much in the tank for fascism.
@jeffjarvis @jeffjarvis on bluesky
Keep CNN away from the Ellisons, please. [embedded post]
@badideas Aaron Stewart-Ahn on bluesky
Holy shit. This is like end of a geological era in Hollywood time. Theatrical moviegoing will likely never be the same. HBO series may never be weekly releases again... www.thewrap.com/netflix-wins...
@jonathancohn Jonathan Cohn on bluesky
Glad it didn't go to Larry Ellison, but media consolidation is still a threat to democracy. — deadline.com/2025/12/netf...
@ernie.tedium.co Ernie Smith on bluesky
Ted Sarandos is many things, but he's ultimately not as stupid as Zaslav. I'm not like bullish on this deal but better them than Ellison I say. — www.thewrap.com/netflix-wins...
@richterscale Charles Louis Richter on bluesky
Netflix to retroactively cancel The Sopranos after a single season
@Barredo@mastodon.social Alex Barredo on mastodon
@Techmeme so the future is... Netflix at 60/70 eur per month, including ads
@harrymccracken@mastodon.social Harry McCracken on mastodon
The media business doesn't need any more consolidation, but this might be the least bad of the likely outcomes? (Of course, Warner Bros. is doomed to be sold every few years, so everyone will get their chance.) https://deadline.com/...
r/universalstudios r on reddit
Netflix to Acquire Warner Bros (Harry Potter)
r/MediaMergers r on reddit
IN FULL: Netflix press release on WBD Streaming/Studios assets
r/babylon5 r on reddit
The Dawn of the Third Age of Babylon 5? Netflix acquirers WB
r/iTunesMovieDeals r on reddit
Netflix to Acquire Warner Brothers
r/HBOMAX r on reddit
Netflix to Buy Warner Bros. and HBO Max in $82.7 Billion Deal
r/midcarder r on reddit
Press Release Official: Netflix to Acquire Warner Bros. Following the Separation of Discovery Global for a Total Enterprise Value of $82.7 Billion (Equity Value of $72.0 Billion)
r/cordcutters r on reddit
Netflix to Buy Warner Bros. and HBO Max in $82.7 Billion Deal
r/pilottvpodcast r on reddit
Netflix Wins Bidding War For Warner Bros. Discovery, Will Start Exclusive Deal Talks
r/gaming r on reddit
Netflix Has Officially Acquired Warner Bros. In Deal Valued at $82.7 Billion
r/movies r on reddit
Netflix officially announces the acquisition of Warner Bros.
r/DCcomics r on reddit
Netflix to Buy Warner Bros. and HBO Max in $82.7 Billion Deal
r/HarryPotteronHBO r on reddit
It's official - Netflix to Acquire Warner Bros. for a Total Enterprise Value of $82.7 Billion
r/boxoffice r on reddit
Netflix's official statement: “Netflix expects to maintain Warner Bros.' current operations and build on its strengths, including theatrical releases for films.”.
r/DCU_ r on reddit
Netflix's official statement: “Netflix expects to maintain Warner Bros.' current operations and build on its strengths, including theatrical releases for films.”.
r/hbo r on reddit
Netflix to Buy Warner Bros. and HBO Max in $82.7 Billion Deal
r/technology r on reddit
Netflix to Buy Warner Bros. and HBO Max in $82.7 Billion Deal
r/television r on reddit
Netflix's Official Press Release Regarding the WB Sale
r/TheBigPicture r on reddit
Netflix's official statement on buying WB
r/HBOMAX r on reddit
Netflix Wins Bidding War For Warner Bros. Discovery
@bdsams.com Brad Sams on bluesky
“We are always working to bring the best value to our customers (and we really appreciate you!!!) and to help keep our content to the level you expect, we are raising your monthly subscription by $3” [embedded post]
@danny.page Danny Page on bluesky
oh yeah, this is going to go great [embedded post]
r/xbox r on reddit
Yes, Netflix is acquiring Warner Bros. Games | Game Developer

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Netflix agrees to acquire WBD's studios and streaming business in an $82.7B cash-and-stock deal, set to close after WBD splits into two companies in Q3 2026

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