Netflix Secures Warner Bros. for $82.7B, Gains Harry Potter, GoT, DC Franchises

• Netflix acquired Warner Bros., HBO, and HBO Max for $82.7 billion.
• The deal aims to control franchises like Harry Potter, Game of Thrones, and DC, enhancing Netflix's content library and subscriber appeal.
• Netflix gains over 10,000 titles, production expertise, and anticipates $2-3 billion in annual cost savings.
• HBO's premium shows will be added to Netflix, with HBO potentially becoming a premium tier; no content migration before late 2026.
• Cable networks such as CNN, TNT, and Discovery Channel are excluded from the acquisition.

Why It Matters: Netflix's acquisition means HBO Max and Warner Bros. content for your viewing.