Netflix to Buy Warner Bros. in Historic $72 Billion Deal

Netflix offices in Los Angeles, California.
Photographer: Kyle Grillot/Bloomberg

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By Lucas Shaw and Michelle F Davis

December 5, 2025 at 12:12 PM UTC

Updated on

December 5, 2025 at 6:33 PM UTC

Leia em português

Netflix Inc. agreed to buy Warner Bros. Discovery Inc., marking a seismic shift in the entertainment business as a Silicon Valley-bred streaming giant tries to swallow one of Hollywood’s oldest and most revered studios.