Netflix Acquires Warner Brothers Discovery Studios, HBO Max for $18.5 BillionNetflix has secured a massive deal to acquire Warner Brothers Discoverys film and television studios, along with its streaming service, HBO Max, for $18.5 billion. This acquisition follows a bidding war with Paramount, led by David Ellison. The deal includes popular shows and movies like The Big Bang Theory, Game of Thrones, and The Wizard of Oz.The transaction is expected to finalize after Warner Brothers global networks division, Discovery Global, becomes a publicly traded company in the third quarter of 2026. Discovery Global will include major entertainment, sports, and news television brands worldwide, such as CNN and TNT Sports in the US, and digital platforms like Discovery Plus and Bleacher Report.Netflixs co-CEO, Greg Peters, stated that this acquisition will significantly improve their offerings and accelerate their business for decades to come, bringing Warner Brothers century-long legacy to a broader audience. However, the deal is likely to face intense antitrust scrutiny in Europe and America due to Netflixs potential market dominance.

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