Netflix to Acquire Warner Bros Discovery Studios and Streaming Business for $72 Billion
In a seismic shift for the global entertainment industry, Netflix has agreed to acquire Warner Bros Discovery’s TV and film studios along with its streaming assets in a landmark $72 billion deal. Announced on December 5, 2025, the acquisition will hand the world’s largest streaming platform control over iconic franchises such as Harry Potter, Game of Thrones, and DC Comics, dramatically altering the power structure of Hollywood.
The agreement followed a competitive bidding war that saw Netflix beat out Paramount Skydance, which had offered nearly $24 per share for the entire Warner Bros Discovery entity, including cable TV units now set for a spin-off. Netflix’s successful $28-per-share offer valued Warner Bros Discovery at $72 billion, eclipsing its $61 billion market cap based on closing prices on December 4.
This marks Netflix’s most significant acquisition ever—transforming it from a content distributor to a studio powerhouse, and giving it direct ownership of one of the most prestigious legacies in entertainment.
Historically, Netflix has relied on licensing content from third-party studios. However, this acquisition aligns with its long-term goal to secure permanent rights to popular IP and reduce dependency on external studios.
By integrating Warner Bros Discovery’s,
Netflix strengthens its global dominance in content creation and streaming distribution.
The company also plans to preserve theatrical releases of Warner Bros films, balancing its streaming model with box-office potential—addressing industry fears that the deal might erode cinematic diversity.
This blockbuster deal is expected to face intense antitrust scrutiny in the U.S. and Europe. Regulators will examine whether such consolidation would limit consumer choice, reduce competition, or lead to higher prices in the streaming space.
To mitigate concerns, Netflix has proposed,
Despite criticism from rivals, including Paramount which questioned the fairness of the sale process, Netflix insists the deal will strengthen the entertainment ecosystem by giving users greater access to high-quality content under one roof.
The acquisition brings a treasure trove of content and assets under Netflix’s control, including,
This acquisition bolsters Netflix’s diversification efforts, including its push into gaming, merchandise, and live events, while adding a massive library to attract and retain global subscribers.
The Reserve Bank of India (RBI) has announced a major move to strengthen customer protection…
Have you ever wondered if one particular region of India has played a bigger role…
Indian teacher and activist Rouble Nagi has brought global recognition to grassroots education in India…
A major political and administrative breakthrough has taken place in Nagaland. The Centre has signed…
Ever wondered why some mountains are given royal titles? Around the world, people admire towering…
India has reached a major economic milestone. The country’s foreign exchange reserves have climbed to…