Netflix Buys Warner Bros. Discovery for $72B, Securing HBO, DC, Harry Potter

• Netflix acquired Warner Bros. Discovery's TV, film studios, and streaming division for $72 billion, its largest acquisition ever.
• The deal includes Warner Bros.' film/TV studios, HBO/HBO Max, and iconic franchises like Game of Thrones, Harry Potter, and DC superheroes.
• Netflix plans to leverage Warner Bros.' content library, while Warner Bros. will continue theatrical film releases.
• Other major media mergers include Disney-Hulu (2025), Reliance-Disney (2024), Paramount Global-Skydance (2024), Amazon-MGM (2022), WarnerMedia-Discovery (2022), Viacom-CBS (2019), and Disney-21st Century Fox (2019).

Why It Matters: Media giants are merging, changing how you access movies and shows.