Netflix buys Warner Bros. Discovery in $82.7 billion deal; Game of Thrones and Harry Potter coming soon
PTC Web Desk: Netflix users are in for a big surprise. The streaming giant has announced a massive $82.7 billion deal to buy Warner Bros. Discovery (WBD), a move that will finally bring iconic franchises like Game of Thrones, Harry Potter, and DC movies to Netflix.
The deal was confirmed on Friday. Both companies said their boards have approved the agreement, which includes HBO, HBO Max, Warner Bros. film and TV studios, and DC Entertainment. This is one of the biggest changes the entertainment world has seen in years.
According to Netflix’s filing with the SEC, the company valued the deal at $72 billion in equity, and $82.7 billion including WBD’s debt. Netflix offered $27.75 per share, beating competing bids from Paramount Skydance and NBC Universal.
What Netflix and WBD said
Netflix co-CEO Ted Sarandos called the deal a historic moment, saying it will help Netflix “entertain the world” even better. Co-CEO Greg Peters added that the merger will strengthen Netflix’s future.
WBD CEO David Zaslav said the agreement brings together two “great storytelling companies” to reach even more viewers. Before the merger becomes official, it needs approval from the US Securities and Exchange Commission (SEC). The deal is expected to close after Discovery Global is separated into a new publicly traded company in Q3 2026.
Why this deal matters
Warner Bros. Discovery has been struggling with large debts and tough competition in the streaming market. For Netflix, this deal is a powerful move that strengthens its position as the world’s leading streaming platform.
- With inputs from agencies
