CNET·2025-12-05 14:50Core Insights - Netflix announced the acquisition of Warner Bros, HBO, and HBO Max for $82.7 billion, marking a significant step in its strategy to dominate the global entertainment industry [1] - The deal will enhance Netflix's content library by adding popular franchises such as Harry Potter, Friends, and Batman, as well as HBO shows like Game of Thrones and Succession [2] - Netflix aims to optimize consumer plans and expand content access while maintaining Warner Bros.' current operations and theatrical releases [4] Company Strategy - Netflix's co-CEO Ted Sarandos emphasized the mission to entertain the world and promised that the acquisition would enhance storytelling for audiences [3] - Co-CEO Greg Peters highlighted the potential to introduce a broader audience to Warner Bros.' creations, thereby strengthening Netflix's streaming service and increasing shareholder value [3] Industry Impact - The acquisition is expected to solidify Netflix's position as a leading streaming service, potentially altering the dynamics of the streaming wars [5] - The deal, valued at approximately $72 billion after debt, was unanimously approved by both companies' boards and is anticipated to increase Netflix's production capacity for original content [4]