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Core Viewpoint - Netflix has officially announced the acquisition of Warner Bros, with an enterprise value of approximately $82.7 billion (equity value of $72 billion) [1] Group 1: Acquisition Details - The acquisition will redefine storytelling for the next century and provide unprecedented entertainment experiences for global audiences, incorporating top IPs such as HBO, DC Universe, Harry Potter series, and Game of Thrones into Netflix's portfolio [3] - Warner Bros' existing operational methods and theatrical distribution strategies will be retained, but HBO Max may no longer exist as an independent product [5] - The focus of the acquisition is clearly on film production and streaming business, as traditional cable networks and channels will be spun off into a new publicly listed company called "Discovery Global" [7] Group 2: Executive Statements - Netflix's co-CEO Ted Sarandos emphasized that the merger will enhance the company's ability to entertain the world by combining Warner Bros' extensive film library with Netflix's defining cultural works [10] - Co-CEO Greg Peters stated that the acquisition will elevate Netflix's offerings for decades, leveraging Warner Bros' creative excellence and production capacity to attract more fans to its streaming service [10] - Warner Bros Discovery CEO David Zaslav remarked that the partnership will unite two of the greatest storytelling companies, ensuring that audiences worldwide continue to enjoy resonant stories for generations [12] Group 3: Company Background - Warner Bros, founded in 1918, is one of the largest film and television entertainment production companies globally, currently under Warner Bros Discovery [12] - The company has a rich history, being the third oldest film company in Hollywood, following Universal Pictures and Paramount Pictures [14]