Netflix acquires Warner Bros
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Netflix, Inc. announced on Friday that it will acquire Warner Bros. and its film and television studios for $72 billion. The purchase is expected to close in late 2026, according to a Netflix news release.
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Shared Rental Roots To $82B Buyout: Tracing Warner Bros' 102-Year Journey As Netflix Writes Final Chapter
With the success of the studio's 1964 film of Broadway play My Fair Lady, as well as its soundtrack, Warner Bros. Records became a profitable subsidiary.
How Netflix's $82.7 billion takeover of Warner Bros will reshape the business, end streaming wars and likely bring another culture clash.
Netflix has emerged as the likeliest candidate to purchase Warner Bros., The news comes courtesy of Bloomberg, which reports that the studio is in exclusive negotiations with Netflix to sell HBO Max and its film and TV studios.
Netflix has finally commenced closing the deal with Warner Bros. Discovery Inc., winning the bid to acquire the film and TV studios and HBO Max streaming service, which includes the rights to Snyderverse films.