The people and industry have spoken: Netflix potentially buying Warner Bros. for $83 million is pretty bad!

Netflix’s $72 billion takeover of Warner Bros. Discovery reshapes Hollywood, uniting HBO, DC, and major film libraries under one streaming giant.

The post Why Netflix’s 72B Warner Bros. Deal Could Change How You Watch TV appeared first on TechRepublic.

Netflix’s $72 billion takeover of Warner Bros. Discovery reshapes Hollywood, uniting HBO, DC, and major film libraries under one streaming giant.

The post Why Netflix’s 72B Warner Bros. Deal Could Change How You Watch TV appeared first on TechRepublic.

The bidding war is over, and Netflix has been declared the winner.

After flirting with Paramount Skydance and Comcast, Warner Bros. Discovery (WBD) has decided to sell its streaming and movie studios business to Netflix. If approved, the deal is set to overturn the media landscape and create ripples that will affect Hollywood for years.

$72 billion acquisition

Netflix will pay an equity value of $72 billion, or an approximate total enterprise value of $82.7 billion, for Warner Bros. All of WBD has a $60 billion market value, NBC News notes.

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