00:00Netflix has officially struck a historic deal to acquire Warner Bros Discovery for $83 billion.
00:07The agreement hands Netflix control over legendary studios, hit streaming services and iconic franchises like Harry Potter, DC Comics and HBO Programming.
00:18Warner Bros Cable Networks will remain separate under a planned spin-off, clearing the way for the sale.
00:24Netflix's bet signals a bold shift for the streaming giant, from creator to owner of one of Hollywood's greatest content libraries.
00:32The acquisition could redefine how we consume movies and shows in the coming years, giving Netflix unrivaled scale and content power.