Netflix To Acquire Warner Bros, Including Developers Behind Hogwarts & Mortal Kombat

Streaming giant Netflix has agreed on a deal to purchase Warner Bros. Discovery, which includes not only its streaming business but a number of major video game creators.

According to a press release, the transaction is expected to close following the separation of Warner Bros. Discovery’s Global Networks division, Discovery Global, into a new publicly-traded company, which is anticipated to go ahead in Q3 2026. The deal itself is worth $82.7 billion.