Netflix to Buy Warner Brothers for $72 Billion, PCE Data Delayed

Company and Industry Insights - Netflix has successfully acquired Warner Brothers Discovery (WBD) for $27.75 per share, resulting in an enterprise value of $82.7 billion and an equity value of $72 billion [3][4] - The acquisition will integrate Netflix's streaming services with various WBD properties, including CNN, HBO Max, Major League Baseball, DC Studios, the Food Network, and HGTV, significantly consolidating the American entertainment landscape [3][5] - The deal is expected to close within a year and a half, following a proposed spinoff of Discovery Global TV networks in Q3 of 2026, which will further streamline corporate ownership in the TV, film, and streaming sectors [5]