Netflix Shakes Hollywood: $82.7B Deal for Warner Bros., HBO

• Netflix acquired Warner Bros, HBO, and HBO Max for $82.7 billion.
• The deal includes iconic franchises like Harry Potter, Game of Thrones, Friends, and Superman.
• Netflix co-CEO Ted Sarandos stated the acquisition will enhance their mission to entertain the world.
• Warner Bros Discovery shareholders will receive $23.25 in cash and $4.50 in Netflix stock per share.
• The deal's finalization is contingent on WBD separating its Discovery Global division by Q3 2026.

Why It Matters: Netflix's massive acquisition of Warner Bros. and HBO changes streaming.