In a blockbuster announcement that has sent shockwaves through the entertainment industry, Netflix revealed on December 5, 2025, its plan to acquire Warner Bros. and its associated assets, including HBO Max, from Warner Bros. Discovery in a deal valued at approximately $82.7 billion in enterprise value, or $72 billion in equity. This move, which would unite Netflix's global streaming dominance with Warner's storied library of franchises like Harry Potter, DC Comics, and HBO's prestige series, promises to reshape Hollywood in profound ways. . .
