Netflix to Acquire Warner Bros. and HBO Max in Landmark $72 Billion Deal

Streaming leader Netflix has agreed to purchase Warner Bros. studios and its HBO Max streaming service for $72 billion. The two U.S. companies confirmed the deal in a joint statement on Friday. This acquisition combines two major forces in entertainment. It unites Netflix's global streaming platform with Warner Bros.' vast film and television library and production studios. The move signals a major shift in the media industry. It places a huge catalog of popular franchises and brands under one corporate owner. The transaction is pending approval from government regulators. If approved, it would be one of the largest media mergers in history.