Netflix To Buy Warner Bros in $83 Billion Deal
Netflix has agreed an $83bn takeover of Warner Bros Discovery’s TV and film studios in a deal that hands one of Hollywood’s most prized assets to the streaming giant.
The deal means Netflix will control one of the biggest libraries of content in Hollywood, including Harry Potter, Game of Thrones and DC Comics.
Netflix won the deal at auction, seeing off rival bids by the David Ellison-led Paramount and Comcast.
This is a breaking news story. Updates to follow.
2025 NEWSWEEK DIGITAL LLC.
This story was originally published December 5, 2025 at 7:30 AM.