Netflix is officially acquiring Warner Bros. Discovery
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If the deal goes through with intervention from the US Government, it would give Netflix access to the vast library of Warner Bros. Discovery content, including the Harry Potter and DC Comics franchises. HBO Max and all of the HBO shows are included in the package.
Warner Bros. Discovery ’s top four executives – President and CEO David Zaslav, CFO Gunnar Wiedenfels, Chief Legal Officer Priya Aiyar and Chief Revenue and Strategy Officer Bruce Campbell talked up Netflix ’s $83B deal to buy the company in its town hall. Zaslav called it a “big day” for WBD.
The largest streaming network says it will purchase Warner Bros.’ studios and streaming assets after winning a bidding war with Comcast and Paramount.