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Netflix has announced that it will acquire Warner Bros. Discovery’s studio and streaming assets, which include the film and TV studios business, as well as HBO and HBO Max, in a deal valued at $72 billion. Allie Canal details:

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Netflix has announced that it has entered a “definitive agreement” to acquire Warner Bros. — including its film and television studios, HBO Max and HBO — in a deal valued at approximately $83 billion. ABC News' Elizabeth Schulze reports.
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Netflix has announced that it has entered a “definitive agreement” to acquire Warner Bros. — including its film and television studios, HBO Max and HBO — in a deal valued at approximately $83 billion. ABC News' Elizabeth Schulze reports.

ABC News

19,836 views • 8 months ago

Netflix agreed to acquire Warner Bros Discovery's TV, film studios and streaming division for $72 billion, gaining control of a major Hollywood asset
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Netflix agreed to acquire Warner Bros Discovery's TV, film studios and streaming division for $72 billion, gaining control of a major Hollywood asset

Reuters

30,307 views • 8 months ago

Netflix said it is buying Warner Bros. in a deal valued at $82.7 billion, merging the biggest streaming service with a storied studio that has produced films such as "Casablanca" and the "Harry Potter" franchise.
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Netflix said it is buying Warner Bros. in a deal valued at $82.7 billion, merging the biggest streaming service with a storied studio that has produced films such as "Casablanca" and the "Harry Potter" franchise.

CBS Evening News

10,083 views • 8 months ago

🚨🇺🇸 NETFLIX’S $72 BILLION TAKEOVER OF WARNER BROS SHAKES HOLLYWOOD TO ITS CORE Netflix just rewrote Hollywood’s future. The streamer announced a $72 billion cash-and-stock deal to acquire Warner Bros. Discovery’s film and TV studios, HBO, HBO Max, and gaming business... its largest acquisition ever and one of the biggest in media history. The offer values Warner Bros. at $27.75 per share ($23.25 in cash and $4.50 in Netflix stock), totaling $82.7 billion when factoring in debt. It beats rival bids from Paramount Skydance and Comcast and comes with a hefty $5.8 billion breakup fee if regulators block it. Netflix co-CEO Ted Sarandos said it’s all about growth and storytelling: “We can’t stand still. We need to keep innovating and investing in stories that matter most to audiences, and that’s what this deal is all about. The combination of Netflix and Warner Brothers creates a better Netflix for the long term. It sets us up for success for decades to come. Warner Brothers has some of the best entertainment in the world, period.” The merger would unite franchises like Harry Potter, Game of Thrones, and DC under one streaming roof, while preserving theatrical releases with shorter windows. Source: CNBC, Variety, Bloomberg
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🚨🇺🇸 NETFLIX’S $72 BILLION TAKEOVER OF WARNER BROS SHAKES HOLLYWOOD TO ITS CORE Netflix just rewrote Hollywood’s future. The streamer announced a $72 billion cash-and-stock deal to acquire Warner Bros. Discovery’s film and TV studios, HBO, HBO Max, and gaming business... its largest acquisition ever and one of the biggest in media history. The offer values Warner Bros. at $27.75 per share ($23.25 in cash and $4.50 in Netflix stock), totaling $82.7 billion when factoring in debt. It beats rival bids from Paramount Skydance and Comcast and comes with a hefty $5.8 billion breakup fee if regulators block it. Netflix co-CEO Ted Sarandos said it’s all about growth and storytelling: “We can’t stand still. We need to keep innovating and investing in stories that matter most to audiences, and that’s what this deal is all about. The combination of Netflix and Warner Brothers creates a better Netflix for the long term. It sets us up for success for decades to come. Warner Brothers has some of the best entertainment in the world, period.” The merger would unite franchises like Harry Potter, Game of Thrones, and DC under one streaming roof, while preserving theatrical releases with shorter windows. Source: CNBC, Variety, Bloomberg

Mario Nawfal

296,256 views • 8 months ago

Netflix struck a deal Friday to buy Warner Bros. Discovery in a $72 billion deal that would bring together two of the biggest players in television and film.
0:46

Netflix struck a deal Friday to buy Warner Bros. Discovery in a $72 billion deal that would bring together two of the biggest players in television and film.

The Associated Press

65,912 views • 8 months ago

Netflix is reviewing Warner Bros Discovery's financial data as it considers acquiring the studio and streaming business, sources told Reuters
1:07

Netflix is reviewing Warner Bros Discovery's financial data as it considers acquiring the studio and streaming business, sources told Reuters

Reuters

34,793 views • 10 months ago

'Paramount suddenly is in a much stronger position to take over CNN and the rest of the Warner Bros. Discovery company, which includes HBO and the Warner Bros. movie studio and all those other assets.' CNN's Brian Stelter on the impact of Netflix declining to raise its offer to buy Warner Bros.
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'Paramount suddenly is in a much stronger position to take over CNN and the rest of the Warner Bros. Discovery company, which includes HBO and the Warner Bros. movie studio and all those other assets.' CNN's Brian Stelter on the impact of Netflix declining to raise its offer to buy Warner Bros.

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54,748 views • 6 months ago

🇺🇸 JARED KUSHNER’S FIRM PULLS OUT OF WARNER BROS TAKEOVER BATTLE Kushner’s private equity firm, Affinity Partners, has exited the high-stakes effort backing Paramount Skydance’s hostile takeover bid for Warner Bros, signaling a major shift in one of the biggest media fights in years. The firm confirmed it is no longer pursuing the deal, citing rapidly changing dynamics around the bid. Affinity had been part of a deep-pocketed financial group supporting Paramount Skydance CEO David Ellison’s unsolicited offer, valued at more than $108 billion, for the entire Warner Bros empire. The withdrawal comes days after Warner Bros. and Netflix announced a separate agreement that would carve out key assets, including HBO, HBO Max, and the Warner Bros film studio, effectively undercutting Paramount’s full-company play. With multiple bidders circling and boardroom resistance growing, the ground shifted fast. Affinity said it still believes there is strategic logic behind Paramount’s bid, but competition and deal structure no longer justified staying in the fight. The fund had been aligned with major international investors, including Saudi Arabia’s Public Investment Fund and other Gulf-based backers. Warner Bros. is now widely expected to reject Paramount’s offer, while regulators loom over any potential merger. The media consolidation war isn’t slowing down. It’s just getting sharper. Source: NBC, BloombergTV
2:34

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106,308 views • 8 months ago

Warner Bros. Discovery has announced that the ‘Game of Thrones’ and ‘Harry Potter’ franchises will take on new life at the studio’s newly minted streaming service Max
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Warner Bros. Discovery has announced that the ‘Game of Thrones’ and ‘Harry Potter’ franchises will take on new life at the studio’s newly minted streaming service Max

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Sky has announced what it calls a world first new subscription that bundles a range of major streaming platforms alongside its own content. ⁠ ⁠ The new offer would bring together Netflix, Disney+, HBO Max and Hayu into a single Sky TV subscription.⁠ ⁠
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Sky has announced what it calls a world first new subscription that bundles a range of major streaming platforms alongside its own content. ⁠ ⁠ The new offer would bring together Netflix, Disney+, HBO Max and Hayu into a single Sky TV subscription.⁠ ⁠

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386,814 views • 6 months ago

Warner Bros Discovery faced a major decision as its board was likely to recommend rejecting Paramount's $108.4 billion bid, opting instead to support Netflix's $72 billion buyout offer for its studios and streaming division
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Warner Bros Discovery faced a major decision as its board was likely to recommend rejecting Paramount's $108.4 billion bid, opting instead to support Netflix's $72 billion buyout offer for its studios and streaming division

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HBO Max and Paramount+ will become one streaming service. That's if and when Paramount Skydance's acquisition of Warner Bros. Discovery is complete, but there are still quite a number of regulatory hurdles standing in the way #THRNews
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HBO Max and Paramount+ will become one streaming service. That's if and when Paramount Skydance's acquisition of Warner Bros. Discovery is complete, but there are still quite a number of regulatory hurdles standing in the way #THRNews

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Former Netflix film boss Scott Stuber calls the Paramount-WB merger “very difficult and emotional” having grown up in an era where Warner Bros. and HBO “were the golden standard.” #ActorAwards
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Fox Corp is buying Roku in a cash-and-stock deal valued at about $22 billion, betting that combining its sports and news programming with a leading TV streaming platform will bolster its position as more audiences shift online
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Paramount has launched an offer to acquire Warner Bros, challenging Netflix, which had reached a $72bn takeover deal last week. 📺 Sky 501, Virgin 602, Freeview 233 and YouTube
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15,434 views • 1 month ago

Paramount started the bidding war, Netflix ended it. That is, if its $82 billion deal to buy Warner Bros. goes through. Listen to Lucas Shaw and David Gura on the Big Take podcast
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Paramount started the bidding war, Netflix ended it. That is, if its $82 billion deal to buy Warner Bros. goes through. Listen to Lucas Shaw and David Gura on the Big Take podcast

Bloomberg

41,475 views • 8 months ago