Netflix to Acquire Warner Bros. in Landmark $72 Billion Deal
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In the largest entertainment industry merger of the decade, streaming leader Netflix has agreed to purchase film and television studio Warner Bros. for $72 billion. This consolidation will unite a dominant digital platform with a historic content creator.
The deal combines Netflix's global distribution with Warner Bros.' vast library of movies and TV shows. It also brings major franchises like *Harry Potter* and *DC Comics* under the Netflix brand.
Analysts say the acquisition signals a strategic shift. Netflix is moving beyond licensing content to directly owning a major studio's production assets and intellectual property.
The agreement must still receive approval from government regulators. If cleared, it will dramatically reshape the competitive landscape for streaming and traditional film production.