By Hadiza Abdulkadir
Netflix is set to acquire Warner Bros Discovery, including HBO Max and the company’s historic film studios, in a landmark deal valued at $83 billion, marking one of the most significant shake-ups in modern entertainment history.
The agreement brings together Netflix’s vast global streaming footprint with Warner Bros’ deep library of iconic franchises, from DC superheroes to the Wizarding World, and critically acclaimed HBO series such as Game of Thrones and Succession.
As part of the arrangement, Warner Bros Discovery will first spin off its cable networks — including CNN, TNT and TBS — into a separate entity before the sale is finalised. The merger still faces regulatory scrutiny in the U.S. and Europe, with critics warning that the consolidation could suppress competition and limit creative diversity.
If approved, the tie-up would create a powerhouse straddling both Hollywood tradition and streaming dominance, reshaping the future of global media.