Why Netflix’s 72B Warner Bros. Deal Could Change How You Watch TV

Netflix’s $72 billion takeover of Warner Bros. Discovery reshapes Hollywood, uniting HBO, DC, and major film libraries under one streaming giant.

Well, that escalated quickly: Netflix just bought itself a Hollywood empire. And the media landscape may never look the same.

On Dec. 5, the streaming giant stunned the entertainment world with a roughly $72 billion deal to acquire Warner Bros. Discovery (WBD)’s film and television studios, streaming assets, and much of its content empire. This includes HBO, HBO Max, DC Studios, and one of the largest film and TV libraries in the world.

“Our mission has always been to entertain the world,” Ted Sarandos, co-CEO of Netflix, said in a press release. “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 ...