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 cin...