Netflix acquires Warner Bros. in earth-shattering $82,000,000,000 deal

Global streaming network Netflix has announced its colossal acquisition of Warner Bros., its television studios like HBO Max, and gaming IPs like Mortal Kombat.

Having established itself as the world’s leading film and TV streaming platform over the last 10 years, Netflix is making huge moves to extend its reach.

Hot off the back of launching fresh seasons of the blockbuster franchise Stranger Things, Netflix is now set to acquire one of the biggest TV and Film studios on the planet.

Warner Bros. finally has a new home.

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Warner Bros., HBO Max, and the DC Universe join Netflix in $82 billion deal

After a huge influx of action on the Netflix front in 2025, which saw Formula 1 take center stage as well as the final showdown of Stranger Things, the studio has now announced that it’s part of one of the biggest deals in TV and Film history.

In a deal reportedly worth $82.7 billion, Netflix will take control of Warner Bros. by the end of 2027.

Warner Bros. has been up for sale throughout the latter half of the year, with deals coming close for Paramount and Contrast.

“Our mission has always been to entertain the world,” Netflix Co-CEO Ted Sarandos said.

“By combining Warner Bros.’ incredible library of shows and movies – 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’ll be able to do that even better.

Warner Bros. Discovery President and CEO David Zaslav added:

“For more than a century, Warner Bros. has thrilled audiences, captured the world’s attention, and shaped our culture. By coming together with Netflix, we will ensure people everywhere will continue to enjoy the world’s most resonant stories for generations to come.”

The only studios not making the transition to Netflix’s control will be CNN, Discovery, and Turner, as the cable television networks will be spun off into a new company.

What does this mean for upcoming shows like Harry Potter and House of the Dragon?

Much like the lengthy debacle that saw Microsoft purchase Activision Blizzard, these deals don’t go through within a few days.

In fact, it’s expected that the deal will take 12-18 months to pass through the regulatory boards, despite having approval from all shareholders on both sides.

In this intervening period, HBO and Warner Bros are expected to launch a wealth of massive series, including the Harry Potter reboot and the Game of Thrones spin-offs, A Knight of the Seven Kingdoms and House of the Dragon Season 3.

Both series should remain unaffected for the most part and will be broadcast on HBO as usual.

What this likely will mean is that Netflix viewers will have access to Warner Bros. content on the streaming service quite promptly after its release.

On the gaming front, Warner Bros. is reportedly currently in the process of expanding its fantasy worlds by making a Hogwarts Legacy sequel and a Game of Thrones RPG, while continuing to build on its DC Universe and its successful Mortal Kombat series.

Netflix has recently begun to launch games within its app, hosting classic Grand Theft Auto titles. Following the blueprints of Valve and Steam, it could soon open its doors to more titles, and possibly even the new GTA.

With the likes of YouTube stepping up its global audience and competitor streaming platforms like Disney+, AppleTV, and Paramount all finding success in the last few years, this is a major statement of intent from Netflix.

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