Netflix has finalised its acquisition of Warner Bros. Discovery's film and television studios in what is now recognised as the largest entertainment merger in modern history. Valued at US $82.7 billion (£61.99 billion), the deal marks a once-unthinkable moment: a streaming giant absorbing one of Hollywood's oldest and most prestigious studios, and, in doing so, reshaping the future of global entertainment.
The acquisition hands Netflix control of Warner Bros.' historic film library, HBO and HBO Max, and some of the most valuable intellectual property in modern culture including DC Comics, Harry Potter, Game of Thrones, and portions of The Lord of the Rings catalogue.
