Streaming giant Netflix is poised to purchase century-long entertainment corp, Warner Bros. to the tune of $82.7 billion. This isn’t just a buyout of its gaming division or a specific part of the company, it’s the whole thing.
Netflix unveiled its plan, expecting the purchase to be done and dusted in Q3 2026, which means anywhere from July to September. Warner Bros.’ massive legacy library will be part of Netflix’s portfolio, alongside its gaming division. Netflix co-CEO Ted Sarandos hopes this purchase will “help define the next century of storytelling.”
“By combining Warner Bros.’ incredible library of shows and movies—from timeless classics like Casablanca and Citizen Kane to modern favorites like Harry Potter and Friends—with our culture-defining titles like Stranger Things, KPop Demon Hunters and Squid Game, we’ll be able to do that even better. Together, we can give audiences more of what they love and help define the next century of storytelling.”
Controversial Warner Bros. Discovery president and CEO, David Zaslav, meanwhile, states this is the combination of “two of the greatest storytelling companies in the world.”
“Today’s announcement combines two of the greatest storytelling companies in the world to bring to even more people the entertainment they love to watch the most. For more than a century, Warner Bros. has thrilled audiences, captured the world’s attention, and shaped our culture. By coming together with Netflix, we will ensure people everywhere will continue to enjoy the world’s most resonant stories for generations to come.”
