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Netflix to buy Warner Bros. Discovery in deal of the decade
Netflix to buy Warner Bros. Discovery in deal of the decade
Economy
by  AFP

Streaming giant Netflix said Friday it will buy film and television studio Warner Bros. The parent company of HBO, CNN and the Warner Bros film studio officially put itself up for sale in October after receiving multiple unsolicited offers, setting aside a planned split into two separate entities -- one focused on streaming and studios, the other on traditional cable networks.

Netflix to buy Warner Bros. Discovery for nearly $83 billion
Netflix to buy Warner Bros. Discovery for nearly $83 billion
Economy
by  AFP

Streaming giant Netflix has agreed to acquire film and television studio Warner Bros. The acquisition, which gives Netflix access to a vast film catalog as well as the prestigious streaming service HBO Max, is the largest consolidation deal in the entertainment industry since Disney's $71 billion acquisition of Fox in 2019.