Overview
- Reports differ on price, with coverage citing about $82.7 billion versus $72 billion, and one outlet noting a proposed $27.75 per share for investors in the studio unit.
- The purchase would transfer HBO, HBO Max and major franchises such as Harry Potter, Batman, Superman and the broader DC universe to Netflix.
- Netflix says it plans to keep Warner Bros operations intact and continue releasing films in theaters.
- Closing depends on Warner Bros Discovery spinning off its cable networks, including CNN, TBS and TNT Sports, with completion not expected until at least the third quarter of 2026.
- Regulators in the United States and Europe are expected to scrutinize the deal as competitors signal objections, with U.S. authorities reportedly wary and lobbying of the Trump administration reported by outlets.