Sky News·2025-12-05 12:26Group 1 - Netflix has agreed to a $72 billion deal to acquire Warner Bros Discovery's film and TV studios, enhancing its content library with rights to major franchises like Harry Potter and Game of Thrones [1] - The agreed price for the deal is $27.75 per share, but it is expected to face scrutiny from competition regulators in the United States [2] - Rival bidders included Paramount Skydance and Comcast, indicating a competitive landscape for media assets [1][2] Group 2 - The deal does not encompass Warner Bros Discovery's cable networks, such as CNN and TNT sports channels, focusing solely on film and TV studios [3] - There are concerns from major studios about a potential institutional crisis for Hollywood if the deal proceeds without regulatory intervention [2]