Netflix has announced a deal to acquire HBO and Warner Bros

Netflix has announced a deal to acquire HBO and Warner Bros

Netflix has announced a deal to acquire HBO and Warner Bros After winning the bidding war for Warner Bros. and HBO, Netflix announced a plan that might bring together one of the biggest traditional film and television studios with two of the top three streamers.  At a risky moment for the entertainment industry, if the transaction closes, it will drastically change Hollywood.  However, it will first go through a rigorous regulatory evaluation in the US and other nations.  On Friday morning, Netflix revealed the massive agreement with Warner Bros. Discovery.  For $72 billion, including debt, it has agreed to purchase the storied TV and film studio as well as businesses like the HBO Max streaming service. The announcement jolted Hollywood and jumbled expectations about the next steps for Warner Bros. Discovery, which is also the parent company of CNN. Warner Bros. Discovery (WBD) said it is moving forward with its plans to split into two publicly traded halves in 2026. Once the split takes ef…