Discover the Attractions Netflix Takes Over After Buying Warner

The recent deal announced by Netflix to acquire assets from Warner Bros. Discovery will give the streaming giant control over the film and television studios, as well as the HBO Max and HBO platforms from Warner Bros, featuring popular attractions such as ‘The Big Bang Theory,’ ‘The Sopranos,’ ‘Game of Thrones,’ ‘The Wizard of Oz,’ and the DC Universe. Netflix’s move to purchase various businesses from Warner Bros. aims to expand its array of attractions. With over 300 million paid subscribers in more than 190 countries, Netflix is the largest streaming and entertainment service worldwide. The acquisition includes film and television studios, as well as the HBO Max and HBO platforms. Combining Netflix’s extensive portfolio with Warner’s assets, the deal will incorporate franchises like ‘The Big Bang Theory,’ ‘The Sopranos,’ ‘Game of Thrones,’ ‘The Wizard of Oz,’ and the DC Universe into Netflix’s diverse content library, which already boasts hits like ‘The Addams Family,’ ‘Money Heist,’ ‘Bridgerton,’ ‘Adolescence,’ and ‘Extraction.’ The transaction’s completion will follow the earlier announcement of the separation of Warner’s Global Networks division, with Discovery Global becoming a new publicly traded company by the third quarter of 2026, according to Netflix. In June 2025, Warner had announced plans to divide its Streaming & Studios and Global Networks divisions into two separate publicly traded companies, a split now slated for completion in the third quarter of 2026, ahead of the Netflix transaction’s finalization. The new standalone company spun off from Warner will be listed on the stock exchange and operate under the name Discovery Global, combining entertainment, sports, and news brands that include CNN and TNT Sports in the U.S., Discovery channels in various European countries, and digital products like Discovery+ and Bleacher Report. Payment for the deal is anticipated to involve a combination of cash and stock. The agreed value for the transaction stands at $27.75 per Warner share, valuing the company at approximately $82.7 billion when factoring in the acquired business’s debts, or an estimated market value of $72 billion. Each Warner Bros shareholder will receive $23.25 in cash and $4.501 in Netflix common stock for each Warner share outstanding at the transaction’s close. The boards of directors of both Netflix and Warner Bros. Discovery have approved the acquisition. The transaction received unanimous approval from both companies’ boards of directors. In addition to the completion of Discovery Global’s spin-off, Warner Bros. Discovery’s Global Networks division, the deal closing also hinges on the necessary regulatory approvals, approval from Warner shareholders, and other customary closing conditions. The operation is expected to be finalized within a 12 to 18-month timeframe. on the Nasdaq stock exchange trade lower at $101.66, while Warner’s stocks rise by 2.81% to $25.23. On the Brazilian B3 exchange, Netflix’s BDRs decline by 4% to R$10.5, whereas Warner’s BDRs increase by 3.80% to R$134.81.