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Netflix to acquire Warner Bros. studio and streaming business for $72 billion
Business

Netflix to acquire Warner Bros. studio and streaming business for $72 billion

  • By WYATTE GRANTHAM-PHILIPS and MATT OTT AP Business Writers

Netflix has struck a deal to buy Warner Bros. Discovery, the Hollywood giant behind "Harry Potter" and HBO Max. The $72 billion deal announced Friday would bring together two of the biggest players in television and film and potentially reshape the entertainment industry. If approved by regulators, the merger would put two of the world's biggest streaming services under the same ownership — and join Warner's television and motion picture division, including DC Studios, with Netflix's vast library and its production arm, which has released popular titles such as "Stranger Things" and "Squid Game."

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Netflix addition

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COMING ATTRACTION: Netflix's Internet video library has bought the rights to show films and television specials from DreamWorks Animation begi…