Netflix is pursuing a bold vision through its announced $82.7 billion acquisition of Warner Bros. Discovery. This definitive agreement merges the streaming leader’s innovative technology platform with Warner Bros.’ legendary production capabilities and content library, creating an entertainment company with unprecedented resources for serving global audiences.
Under the agreed terms, Warner Bros. Discovery shareholders will receive $27.75 per share, establishing total equity value at approximately $72.0 billion. The comprehensive enterprise value of $82.7 billion encompasses Warner Bros. Discovery’s complete portfolio of assets, including production studios, film and television libraries, cable networks, and streaming operations. Both companies’ boards have unanimously approved the transaction, demonstrating leadership alignment on its strategic value.
Ted Sarandos, Netflix’s co-CEO, articulated how the acquisition serves Netflix’s core objectives. He described how Warner Bros.’ extensive catalog of classics and franchises will complement Netflix’s original programming, creating a platform that offers subscribers unmatched entertainment value. This merger also provides Netflix with proven production infrastructure and talent, supporting its ongoing commitment to content quality.
David Zaslav, leading Warner Bros. Discovery, expressed enthusiasm about the partnership’s potential to maximize Warner Bros.’ impact. He emphasized that Netflix’s data-driven insights and global reach will help Warner Bros. content find new audiences while maintaining the creative standards that have defined the studio for over a century. The transaction reflects a strategic vision that honors tradition while embracing necessary innovation.