Netflix has confirmed a landmark agreement to acquire Warner Bros., HBO, and HBO Max in a deal valued at $82.7 billion, marking one of the biggest mergers in entertainment history. The acquisition brings together Netflix’s global streaming power with Warner Bros.’ unmatched catalog of iconic franchises, and it positions Netflix as a dominant force in the rapidly evolving streaming industry.
This major deal means Netflix will eventually gain access to legendary properties including Harry Potter, Game of Thrones, Friends, The Big Bang Theory, the DC Universe, and classics from Warner’s century-long film library. These titles would join hit Netflix originals like Stranger Things, Squid Game, Wednesday, Bridgerton, and more—giving the company an unprecedented content portfolio.
Although the Netflix–Warner Bros. acquisition has sparked global headlines, nothing is changing for subscribers right now. Netflix and HBO Max will continue to operate independently while the purchase undergoes regulatory and shareholder approvals. Warner Bros. leadership has confirmed that “HBO Max will stay,” and Netflix says all existing membership plans will remain unchanged during the transition.
Industry reports from Reuters, Business Insider, and other major outlets highlight that this acquisition could reshape the future of streaming, theatrical releases, and global content distribution. By gaining Warner Bros.’ production capabilities and the extensive HBO content library, Netflix strengthens its long-term strategy against competitors such as Disney+, Amazon Prime Video, and Apple TV+.
The companies expect the transaction to be completed in 2026, pending regulatory clearance. Until then, audiences can continue watching their favorite movies and series across both platforms with no service interruptions.
This historic acquisition positions Netflix to lead the next era of entertainment, merging the world’s most iconic franchises with the world’s largest streaming service.
