Netflix to Acquire Warner Bros. in Historic Deal Valued at Nearly $83 Billion, Marking One of the Largest Media Mergers Ever
Global streaming leader Netflix has announced plans to acquire Warner Bros. in a landmark deal valued at roughly $83 billion, marking one of the largest mergers in the history of the entertainment industry. The move is set to dramatically reshape Hollywood and intensify competition in the global streaming market.
The acquisition will place Warner Bros.’ extensive film and television studios, along with its vast library of iconic content, under Netflix’s control. Warner Bros. is home to some of the world’s most valuable entertainment franchises, including Harry Potter, DC Comics properties such as Batman and Superman, and a wide portfolio of award-winning television series and motion pictures.
In a statement, Netflix said the deal is designed to strengthen its content production pipeline and expand its global creative capabilities. “This transaction brings together two powerful storytelling brands with a shared commitment to creators and audiences worldwide,” the company said.
Executives added that the combined entity will leverage Netflix’s global distribution network with Warner Bros.’ century-long legacy of filmmaking and television production. The merger is expected to accelerate content development across film, television, animation, and streaming platforms.
Today, Netflix announced our acquisition of Warner Bros. Together, we’ll define the next century of storytelling, creating an extraordinary entertainment offering for audiences everywhere. https://t.co/rXPFMNIs1A pic.twitter.com/0pdsMUEob8
— Netflix (@netflix) December 5, 2025
The transaction remains subject to regulatory approvals and other customary closing conditions. Analysts predict close scrutiny from antitrust regulators due to the scale of the deal and its potential impact on competition across the media and entertainment sector.
Industry experts say the acquisition reflects a growing trend toward consolidation as streaming companies seek full control over both content creation and global distribution. If approved, the deal would significantly reduce Netflix’s reliance on third-party studios while giving it direct ownership of one of Hollywood’s deepest and most prestigious content libraries.
Market reaction to the announcement was swift, with shares in both companies showing strong movement as investors assessed the long-term implications of the merger. Some analysts believe the deal could usher in a new era of vertically integrated entertainment giants.
If finalized, the Netflix-Warner Bros. union would represent a defining moment in media history, signaling a major shift in how content is produced, distributed, and consumed worldwide.