Netflix's bid for Warner Bros. promises a massive content library but faces political scrutiny and raises questions about subscribers' choices.

Netflix has agreed to buy Warner Bros. Discovery's TV and film studios and streaming division for $72 billion US, a deal that would hand control of one of Hollywood's most prized and oldest assets to the streaming pioneer that has upended the media industry.

US unions call for Netflix and Warner Bros Discovery merger to be blocked - The US streaming giant Netflix said that it agreed to buy Warner Bros Discovery film and TV studios business in a 72 billion US dollar deal.

Netflix, with over 300 million annual subscribers, announced Dec. 5 that it has entered into a definitive agreement with Warner Bros. Discovery Inc. in which it will acquire Warner Bros., HBO Max, and HBO.

This is a David and Goliath story – with a twist. Almost exactly 15 years ago today the owner of Warner Bros. and HBO pushed back on Hollywood and Wall Street hype about a streaming upstart named Netflix.

Under the deal, each Warner Bros Discovery shareholder will receive US$23.25 in cash and about US$4.50 in Netflix stock per share, valuing Warner at US$27.75 a share, or about US$72 billion in equity and US$82.7 billion including debt.

Netflix has yet to list the release date on the landing page, but we can confirm that all five seasons of Falling Skies will be coming to Netflix US on January 1st, 2026. Currently, Netflix US is the only region where Falling Skies will be available to stream.

Netflix has reached a deal to purchase Warner Brothers Discovery's film and streaming businesses for US$72b. The acquisition will see Warner Brothers' hand over to the streaming giant its rich archive,