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Netflix and Warner Bros. have officially announced the completion of a definitive agreement under which the streaming giant will acquire Warner Bros., including its HBO and HBO Max divisions. The total transaction is valued at $82.7 billion, with $72 billion attributed to the company’s equity. The purchase price per WBD share is $27.75 in cash and stock equivalents.
Завершення угоди очікується після завершення відділення підрозділу Discovery Global у самостійну публічну компанію, що має відбутися у третьому кварталі 2026 року.
This move will bring together two major players in the global entertainment industry. Warner Bros., with its century-long history of producing landmark films and series such as Harry Potter, Friends, Game of Thrones, and The Sopranos, is joining the Netflix catalog, which already includes titles like Stranger Things, Wednesday, and Bridgerton.
According to Netflix’s leadership, the agreement will expand the range of familiar content available to viewers and, at the same time, support broader industry development. “Our goal is to entertain people around the world. This deal will help us do that on a larger and more efficient scale,” said Ted Sarandos, the company’s co-CEO.
Netflix co-chair Greg Peters noted that the synergy between Warner Bros.’ creative teams and Netflix’s technological infrastructure will create new opportunities for global content distribution and audience growth.
Warner Bros. Discovery CEO David Zaslav emphasized that the agreement will help ensure the long-term visibility of the studio’s well-known titles worldwide. “We will continue to engage and inspire future generations of viewers in partnership with Netflix,” he said.
The agreement marks a new phase in the evolution of streaming, creating opportunities for larger-scale storytelling, more precise content personalization, and increased competition in the global media market.