Netflix to buy Warner Bros studios: Streaming giant announces multi-billion dollar deal
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Netflix to buy Warner Bros studios: Streaming giant announces multi-billion dollar deal
Streaming giant Netflix is buying one of Hollywood's oldest and most famous studios, in a multi-billion dollar deal. The firm is acquiring the studio and streaming business of Warner Brothers Discovery - the company behind franchises such as Harry Potter and Batman. If the deal is approved, it would be another shake-up for the global media ...
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Warner Bros. Discovery announced Friday it has agreed to sell its streaming and studios assets to Netflix in a deal valued at $82.7 billion, setting the stage for one of the most sweeping and consequential mergers in modern Hollywood history. If approved by federal regulators, the transaction promises to create a new entertainment and media behemoth, uniting the world’s largest streaming destination with a storied 102-year-old film studio. | Today Show
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