Learn more about Netflix's acquisition of Warner Bros., considered the most historic megadeal in Hollywood, as it continues to develop.

TechCrunch (TC) is a leading technology news and media site that covers the latest trends, startups, and innovations in the tech industry. With breaking news,  analysis, and expert commentary, TechCrunch provides  insights into the world of technology and entrepreneurship. Developers can learn about emerging technologies, funding opportunities, and market trends by following TechCrunch's coverage of the tech industry.

TechCrunch

Netflix's $82.7 billion acquisition of Warner Bros.' film, television, and streaming assets (including HBO and HBO Max) represents a landmark Hollywood megadeal. The transaction, announced in December 2025, emerged from a competitive bidding process where Netflix beat out Paramount and Comcast. The deal faces intense regulatory scrutiny, with senators raising antitrust concerns and Netflix co-CEO Ted Sarandos scheduled to testify before the Senate. Industry groups like the Writers Guild oppose the merger, citing concerns about market concentration, job losses, and reduced creative diversity. A stockholder vote is expected in April 2026, with the deal anticipated to close 12-18 months later, pending regulatory approval. If blocked, Netflix would pay a $5.8 billion breakup fee.

What to know about Netflix’s landmark acquisition of Warner Bros