Netflix Goes Full Hollywood with Blockbuster WBD Buyout

Netflix struck a deal to acquire major pieces of Warner Bros. Discovery in a massive transaction valuing WBD at roughly $72 billion in equity.

Transcript

00:01Netflix struck a deal to acquire major pieces of Warner Brothers Discovery in a massive

00:05transaction, valuing WBD at roughly $72 billion in equity and $82.7 billion in enterprise

00:13value.

00:14The purchase will give Netflix control of the Warner Brothers Film Studio and HBO Max,

00:18bringing legendary franchises like Harry Potter, DC and Game of Thrones under its umbrella.

00:25Warner Brothers Discovery will continue spinning off Discovery Global, including networks

00:29like TNT and CNN, as previously planned.

00:33Netflix leaders called the move a rare strategic opportunity, with the companies expecting the

00:38deal to close 12 to 18 months after the TV network separation wraps in late 2026.