Netflix bids for WBD, assures users amid Paramount's higher offer

• Netflix made an $82.7 billion bid to acquire Warner Bros. Discovery and reassured subscribers that their accounts and viewing experience will remain unchanged for now.
• Netflix plans to purchase Warner Bros.' film/TV studios, HBO, HBO Max, and other WBD assets, including franchises like Harry Potter, Friends, Game of Thrones, and DC titles.
• The company stated that services will operate independently until regulatory/shareholder approvals, with existing plans and content libraries remaining separate for the time being.
• Paramount Skydance Corp. has a competing, higher bid of $108.4 billion for WBD, seeking to purchase all of Warner Bros.
• Warner Bros. would owe Netflix $2.8 billion if it backs out of the deal, while Netflix would pay $5.8 billion if the deal collapses due to regulatory hurdles or internal withdrawal.

Why It Matters: Netflix's bid for Warner Bros. Discovery could reshape your streaming options and costs.