Netflix Buys Warner Bros. Studios & Streaming for $72B; Antitrust Looms

• Netflix has agreed to acquire Warner Bros Discovery's TV and film studios and streaming division for $72 billion.
• The deal includes major franchises like "Game of Thrones," "DC Comics," and "Harry Potter," shifting power in Hollywood.
• The acquisition is expected to face significant antitrust scrutiny in Europe and the U.S. due to market concentration.
• Netflix aims to strengthen its content library and reduce reliance on outside studios.
• Netflix stated it would lower bundled costs for consumers and continue releasing Warner Bros films in cinemas.

Why It Matters: Netflix's acquisition of Warner Bros. reshapes Hollywood and streaming competition.