"Netflix will acquire the film and television studio Warner Bros. Discovery, the streaming giant announced Friday. The deal, which is worth $82.7 billion (almost 71 billion), is the entertainment industry's largest consolidation agreement this decade. Under the deal, Netflix will acquire the Warner Bros film and television studios, HBO Max and HBO. "Our mission has always been to entertain the world," Ted Sarandos, co-chief executive of Netflix, said in a statement."
"Netflix will acquire the film and television studio Warner Bros. Discovery, the streaming giant announced Friday. The deal, which is worth $82.7 billion (almost 71 billion), is the entertainment industry's largest consolidation agreement this decade. Under the deal, Netflix will acquire the Warner Bros film and television studios, HBO Max and HBO. "Our mission has always been to entertain the world," Ted Sarandos, co-chief executive of Netflix, said in a statement. More to follow"
Netflix will acquire Warner Bros. Discovery in a transaction valued at $82.7 billion (almost 71 billion). The acquisition transfers ownership of Warner Bros. film and television studios, HBO Max, and HBO to Netflix. The transaction represents the entertainment industry's largest consolidation agreement of the decade. The combination significantly expands Netflix's content library, studio production capacity, and premium streaming offerings. The integrated assets will increase scale across film, television, and subscription streaming, altering competitive dynamics among major entertainment companies and intensifying consolidation in the media and streaming sectors. Additional details are expected to follow.
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