{"id":879631,"date":"2025-12-21T23:28:32","date_gmt":"2025-12-22T05:28:32","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/12\/21\/netflix-will-acquire-warner-bros-gaming-segment-and-hbo\/"},"modified":"2025-12-21T23:28:32","modified_gmt":"2025-12-22T05:28:32","slug":"netflix-will-acquire-warner-bros-gaming-segment-and-hbo","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/12\/21\/netflix-will-acquire-warner-bros-gaming-segment-and-hbo\/","title":{"rendered":"Netflix will acquire Warner Bros., gaming segment and HBO"},"content":{"rendered":"
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The massive US$82.7 billion deal is expected to close in Q3 2026<\/h2>\n<\/p><\/div>\n
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\"Netflix\"<\/p>\n

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Netflix and Warner Bros. Discovery announced an agreement<\/a> on Friday that will see the streaming giant acquire Warner Bros.<\/p>\n

As part of the deal, Netflix will get Warner Bros.\u2019 film and TV studios, including HBO Max and HBO, as well as Warner Bros. Games. The deal has a total enterprise value (including debt) of about US$82.7 billion (roughly CA$114.8 billion) and an equity value of US$72 billion (approximately CA$99.9 billion). Variety\u00a0<\/em><\/a>reports the deal came after a weeks-long bidding war with Paramount Skydance and Comcast.<\/p>\n

In a release about the deal, Netflix said it \u201cexpects to maintain Warner Bros.\u2019 current operations and build on its strengths, including theatrical releases for films.\u201d\u00a0Variety\u00a0<\/em>noted that Warner Bros. has deals to release films in theatres through 2029.<\/p>\n

Moreover, Netflix indicated it would keep the HBO Max streaming service around, at least in the short term, while also adding HBO and HBO Max content to its own platform. It remains to be seen how this will impact Canadians, given a lot of HBO content is currently available on Bell\u2019s Crave service<\/a> north of the border.<\/p>\n

As for gaming, a Warner Bros. Discovery spokesperson confirmed to\u00a0Game Developer<\/a>\u00a0<\/em>that the company\u2019s gaming division was included in the transaction. Warner Bros. Games includes studios like NetherRealm (Mortal Kombat<\/em>), Rocksteady (Batman: Arkham<\/em>), and TT Games, which makes many of the Lego video games.<\/p>\n

The gaming portion of the acquisition is notable, given Netflix\u2019s attempts to break into gaming<\/a>. In recent years, the company has offered some games as part of its subscription, including tie-ins to some of its popular content as well as titles from other studios. However, Netflix\u2019s announcement focused squarely on the movies and TV portion of Warner Bros., so it\u2019s not yet clear what \u2014 if any \u2014 impact the Warner Bros. Games acquisition will have.<\/p>\n

The deal is contingent on the spin-off of Discovery Global, and will also need regulatory approval. The agreement also stipulates Netflix must pay Warner Bros. a breakup fee of US$5.8 billion (CA$8 billion) if the deal fails to close under certain circumstances.<\/p>\n

Netflix said in its release that the deal would lead to a \u201cstronger entertainment industry,\u201d but as we\u2019ve seen time and again with massive acquisitions like this, it seldom makes the industry stronger. Constant media mergers and acquisitions in the U.S. have led to media control concentrated in the hands of a few giants, tons of layoffs, and more.<\/p>\n

The Discovery Global spin-off is expected to wrap up in Q3 2026, with the Netflix deal to close after.<\/p>\n

Source: Netflix<\/a> Via: Variety<\/a>, Game Developer<\/a><\/p>\n<\/p><\/div>\n

MobileSyrup may earn a commission from purchases made via our links, which helps fund the journalism we provide free on our website. These links do not influence our editorial content. Support us here<\/a>.<\/p>\n<\/p><\/div>\n

Jonathan Lamont
Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The massive US$82.7 billion deal is expected to close in Q3 2026 Netflix and Warner Bros. Discovery announced an agreement on Friday that will see the streaming giant acquire Warner Bros. As part of the deal, Netflix will get Warner Bros.\u2019 film and TV studios, including HBO Max and HBO, as well as Warner Bros.<\/p>\n","protected":false},"author":1,"featured_media":879632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27493,499],"tags":[6918,6275],"class_list":{"0":"post-879631","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-acquire","8":"category-netflix","9":"tag-acquire","10":"tag-netflix"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/879631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=879631"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/879631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/879632"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=879631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=879631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=879631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}