Industry-Defining Merger: Netflix and Warner Bros. Discovery’s $82.7B Deal

An industry-defining merger has been announced as Netflix and Warner Bros. Discovery revealed their $82.7 billion transaction. This definitive agreement unites the streaming leader with one of Hollywood’s founding studios, creating an entertainment powerhouse with the content, technology, and global reach to set standards for the industry’s future.
Warner Bros. Discovery shareholders will receive $27.75 per share under the terms of the agreement, which establishes total equity value at approximately $72.0 billion. The comprehensive enterprise value of $82.7 billion includes all of Warner Bros. Discovery’s valuable properties, from production facilities to content libraries to premium brands like HBO. Both companies’ boards have unanimously endorsed the transaction, reflecting strong leadership confidence.
Ted Sarandos, co-CEO of Netflix, described how the acquisition advances Netflix’s entertainment mission. He emphasized that Warner Bros.’ century of storytelling excellence, combined with Netflix’s innovative streaming technology, will provide subscribers with an experience that no competitor can replicate. The merger creates a content portfolio with both historical significance and contemporary relevance.
David Zaslav of Warner Bros. Discovery expressed enthusiasm about the partnership’s potential to preserve and extend Warner Bros.’ cultural legacy. He noted that Netflix’s sophisticated algorithms and global distribution network will introduce Warner Bros. content to new generations of viewers. The transaction represents a strategic vision that honors Warner Bros.’ tradition while embracing the innovations necessary for continued success in the digital age.