Netflix announced the definitive purchase Warner Bros Discovery on Friday, including its film and television studios, HBO Max and HBO, after a high-stakes months-long bidding war that included rival big-name studios such as Paramount and Comcast.
In a statement, the streaming giant confirmed the mammoth $82.7 billion (€71bn) deal, which is being framed as a bringing together of "two of the greatest storytelling companies in the world to bring to even more people the entertainment they love to watch the most,” Warner Bros CEO and President David Zaslav said.
