Netflix Wins the Streaming Wars: The $82B Warner Bros. Deal

It includes the Harry Potter wizarding world, Game of Thrones, and the entire DC Universe featuring icons like Batman, Superman, and Wonder Woman. It also secures perennial television favorites like Friends and The Big Bang Theory.Under the agreement announced on Dec. 5, 2025, Netflix will acquire the Warner Bros. unit. This massive package includes the legendary film and television studios, the HBO brand, the HBO Max streaming service, and DC Studios.For the last ten years, Netflix operated under a specifi ...