In a groundbreaking shift in the global entertainment landscape, Netflix has entered into a landmark agreement to acquire Warner Bros.’ studio and streaming business. The deal — valued at $82.7 billion (enterprise value) — includes iconic brands and franchises that have shaped Hollywood for decades.

This acquisition marks one of the biggest mergers in media history. Netflix’s strategy is clear: strengthen its content empire, expand theatrical and TV production, and secure even more beloved franchises that fans already know and love.

However, this takeover does not include everything under Warner Bros. Discovery. Before the transaction closes, Warner Bros. Discovery will spin off its Global Networks division, meaning some assets — like the traditional cable channels — will remain separate.

What this means for entertainment fans

With this deal, Netflix gains control of major studio operations and global streaming assets. This positions Netflix as not just a streaming leader, but a powerhouse of production and content ownership, competing even more aggressively with Disney and other legacy studios.

Why this is a turning point

For years, Hollywood studios have been the ones licensing content to streaming platforms. Now, Netflix — once an industry disruptor — is evolving into a full-fledged Hollywood studio giant.

This acquisition signals a new era:

Bigger blockbuster originals

Stronger library of global franchises

Expanded opportunities for film, TV, and gaming adaptations

• It’s not just a business move — it’s a power shift that will redefine competition in the entertainment world.