Saira Imran 
Netflix Warner Bros Discovery deal
The Netflix Warner Bros Discovery deal marks a big moment in Hollywood. It is one of the biggest business deals in entertainment history.
Netflix announced that it will buy Warner Bros Discovery’s TV division, film studios, and streaming services for 72 billion dollars.
This update came after Warner Bros Discovery started an official auction of its assets in October. At first, Netflix only wanted business information. Later, it decided to join the full bidding process.
Sources say Netflix showed interest in late October. It focused on the film studio, the theater distribution network, and the HBO Max streaming service. Experts say old movies and TV shows are the real strength of any streaming platform because they bring most of the views.
Netflix faced strong competition from companies like Paramount and Comcast. Even though Paramount offered more money, the Warner Bros board did not feel confident about its financial plan.
Netflix, however, offered a 6 billion dollar breakup fee, showing its serious commitment despite possible regulatory risks.
The final offer came on Thursday night. Soon after, Netflix received approval for the deal. Experts see this as a major strategic win for Netflix. They believe the Netflix Warner Bros Discovery deal will shape the future of the global streaming market.
This historic Netflix Warner Bros Discovery deal will change the entertainment world and set new directions for streaming in the coming years.
