Netflix announced the acquisition of Warner Bros. Discovery for $82.7 billion, a deal that includes its film and television studios, HBO Max, and HBO.
With this ambitious agreement, Netflix will be able to combine the reach of its platform with the century-old legacy of Warner Bros. David Zaslav, President and CEO of Warner Bros. Discovery, explained that the integration of both companies will allow the most influential stories to reach new audiences.
<<<Today's announcement brings together two of the largest storytelling companies in the world to bring more people the entertainment they enjoy watching," said Zaslav.
He emphasized that the alliance with Netflix will ensure that Warner Bros.' most iconic stories remain present in the lives of future generations.
The agreement will allow franchises and iconic titles such as The Big Bang Theory, The Sopranos, Game of Thrones, The Wizard of Oz, and the DC Universe to be added to Netflix's catalog.
Netflix's co-CEO, Ted Sarandos, highlighted the magnitude of the operation. "Our mission has always been to entertain the world. By combining Warner Bros.' incredible library—from timeless classics like Casablanca and Citizen Kane to modern favorites like Harry Potter and Friends—with our culture-defining titles like Stranger Things, KPop Demon Hunters, and Squid Game, we can do it even better. Together, we can offer audiences more of what they love and help define everything.
