Netflix acquires Warner Bros. Discovery for $72B in Hollywood's biggest deal

• Netflix is acquiring Warner Bros. Discovery for $72 billion, marking Hollywood's largest deal.
• The acquisition includes Warner's studios, streaming business, TV production unit, HBO Max, and DC Studios.
• This deal will combine Netflix's original content with Warner's extensive library, including iconic franchises like Harry Potter and DC characters.
• The acquisition is expected to intensify competition in the streaming market, creating a vast content empire under Netflix.
• The deal, valued at $27.75 per share, is anticipated to close by the third quarter of 2026.

Why It Matters: This deal creates a streaming giant, reshaping the entertainment industry.