Well, it's official. Netflix has announced that it has entered into a "definitive agreement" with Warner Bros. Discovery to acquire Warner Bros., including its film and television studios, HBO Max and HBO.
The sale, which still needs to pass through regulatory processes, is valued at $82.7 billion (with an equity value of $72.0 billion). In a press release, it's said that the acquisition "brings together two pioneering entertainment businesses, combining Netflix’s innovation, global reach and best-in-class streaming service with Warner Bros.’ century-long legacy of world-class storytelling."
It also specifically highlights franchises like The Big Bang Theory, The Sopranos, Game of Thrones, The Wizard of Oz, and the DC Universe, all of which will "join Netflix’s extensive portfolio."
[...]
The sale, which still needs to pass through regulatory processes, is valued at $82.7 billion (with an equity value of $72.0 billion). In a press release, it's said that the acquisition "brings together two pioneering entertainment businesses, combining Netflix’s innovation, global reach and best-in-class streaming service with Warner Bros.’ century-long legacy of world-class storytelling."
It also specifically highlights franchises like The Big Bang Theory, The Sopranos, Game of Thrones, The Wizard of Oz, and the DC Universe, all of which will "join Netflix’s extensive portfolio."
[...]


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