Netflix joins forces with Warner Bros. Discovery.
Future by Numbers
Incredible metrics of the unified platform
The Deal of the Century
The largest acquisition in media history
Total Value
Surpassing Disney's acquisition of Fox ($71.3B) in 2019, this marks a historic moment. It is not just a merger, but a complete reshaping of the entertainment industry landscape.
Structure
Cash & Stock
Announced
Dec 5, 2025
Expected Completion
Q3-Q4 2026
Unrivaled Assets
Acquiring half of Hollywood's history
Warner Bros. Pictures
A 100-year legacy. Home to Harry Potter, Lord of the Rings, The Matrix, Dune, and legendary franchises.
HBO & HBO Max
The synonym for premium content. Game of Thrones, The Sopranos, Succession, The Wire, The Last of Us.
DC Universe
Batman, Superman, Wonder Woman, Joker. The most powerful and iconic superhero library.
Discovery & Others
Discovery Channel, CNN, Cartoon Network, Eurosport. From documentaries to news and sports.
Strategic Synergy
The End of the Streaming Wars
Solving the IP Deficit
With Harry Potter, DC Universe, and Game of Thrones, we evolve beyond a platform into a powerful fandom business ecosystem.
Unrivaled Content Library
HBO's acclaimed series and Warner's blockbuster movies meet Netflix's global distribution network to create unprecedented impact.
Production Efficiency
Leveraging proven IPs and world-class production infrastructure to maximize hit rates and drastically improve efficiency.
New Content
Lineup Turning Imagination to Reality
Harry Potter Original Series (7-Season Epic)
Christopher Nolan's DC Cinematic Universe Reboot
Game of Thrones: Aegon's Conquest (Prequel)
Stranger Things x IT (Stephen King) Crossover
The Matrix: Origins (Animated Series)
Industry Reactions
Hope and Fear Coexist
Finally, we can see DC movies made with proper capital. Watching HBO masterpieces with Netflix's UX will be a dreamlike experience.
Market & Fandom
WSJ & Major CommunitiesDiversity of content will disappear, leaving only algorithm-driven production. A serious threat to the theater ecosystem.
Concerns
Regulatory Outlook
A Tough Path to Approval
FTC (USA)
Under Lina Khan's strong antitrust stance, in-depth investigation is expected with a high probability of lawsuits.
European Commission (EU)
Strict scrutiny under the Digital Markets Act (DMA), focusing on data monopoly and abuse of market dominance.
Final Outlook
'Conditional Approval' involving divestiture of key assets is likely, expected to take at least 18 months.
Consumer Impact
Everything in One Subscription
Ultimate Convenience
Consolidation of fragmented streaming. Now, enjoy all of Hollywood with one app, one payment.
Pricing Strategy
Due to increased value, a 30-40% price hike or new premium tiers are expected within the next 2 years.
Deepening Exclusivity
Warner content will be withdrawn from competitors, positioning Netflix as an essential, not optional, subscription.
The Journey Begins
Announcement
Regulatory Approval
Unified Platform 'Netflix Max'
A Union of Giants.
The king of streaming meets the legend of Hollywood to redefine the future of entertainment.
