Netflix Agrees £54bn Deal to Acquire Warner Bros Discovery’s Film and Streaming Assets

In a landmark move set to reshape the global entertainment landscape, Netflix has reached an agreement to purchase the film and streaming divisions of Warner Bros Discovery in a deal valued at approximately £54bn ($72bn). 


According to CNN, the agreement marks one of the most significant consolidations in Hollywood history and signals a dramatic shift in how major studios position themselves within the increasingly competitive streaming market.

Industry analysts say the acquisition represents Netflix’s boldest expansion effort to date. According to BBC, the streaming giant has been seeking new avenues to strengthen its content library and solidify its dominance as traditional media conglomerates face financial strain amid evolving viewer habits. Bringing Warner Bros Discovery’s vast catalogue under the Netflix umbrella would give the company access to globally recognised franchises, including DC Comics properties, the Harry Potter universe, and a century’s worth of Warner Bros cinematic archives.

Sources familiar with the negotiations reported by The Hollywood Reporter note that the deal also includes Warner’s streaming platforms, which have struggled to maintain subscription growth in the face of stiff competition. With this acquisition, Netflix stands to absorb that subscriber base while retiring or merging selected streaming services to avoid duplication.

Analysts say the agreement could also have implications for the creative community. According to industry experts cited by local entertainment reporters, the merger may result in major restructuring across both organisations, including possible shifts in production priorities, distribution strategies, and licensing approaches. Some insiders suggest that Netflix may overhaul existing Warner Bros projects that do not align with its global content strategy.

Regulators in both the United States and Europe are expected to scrutinise the deal in the coming months, given its potential to significantly reduce competition in the entertainment sector. According to BBC business correspondents, antitrust officials will likely assess whether the acquisition risks creating an outsized concentration of power within the streaming industry.

Despite these hurdles, the agreement underscores a broader trend in which traditional studios, facing declining box office revenue and escalating debt, seek partnerships or sales to remain viable. As the entertainment world reacts, the proposed acquisition marks a turning point in how content is created, controlled, and consumed globally.

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