Netflix to buy Warner Brothers Studios

[AdrianH]

Netflix has agreed a $72bn (£54bn) deal to secure Warner Bros Discovery's film and TV studios and supercharge its library through rights to top franchises including Harry Potter and Game Of Thrones.

It had been reported that the US streaming giant was in exclusive talks over the deal following a bidding war for the assets.

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Netflix agrees blockbuster $72bn deal for Warner Bros studios

The agreement means Warner Bros Discovery's library of film and TV successes including Harry Potter and Game Of Thrones will come under the same roof as Stranger Things and Squid Game.

news.sky.com

 

[AdrianH]

It's confirmed the deal will include WB Games

Here Are The WB Games Netflix Would Grab After Its Warner Bros. Purchase

After Netflix's huge deal to purchase WB, including WB Games, the streamer would have all the studio's projects.

www.forbes.com

 

[JoE]

Apparently Paramount has entered the deal.

 

[AdrianH]

Apparently Paramount has entered the deal.

I see Paramount keeps on being rejected.

Seems the Netflix is offering cash, a cool £72b.

Paramount is also offering cash but need to find financing for this even though they have massive debts, and with their credit rating being junk, the WB board isn't keen on Paramount.

 

[JoE]

Cash is king. Netflix have won. I expect the Arkham series on my iPad by the end of the year

 

[Sibongileh.m]

Netflix has probably been offering undeniable sum and warner, just want to delay and add more lol

 

[AdrianH]

Netflix has backed away from its proposal to buy Warner Bros Discovery, clearing the way for Paramount Skydance to win the months-long takeover battle.

Netflix drops Warner Bros bid, clearing way for Paramount takeover

Netflix's decision to back down from the bidding war clears the path for Paramount to win the takeover battle.

www.bbc.co.uk