Murray Wood: Who's hot... and who's not
Every Friday, Murray Wood takes a look at the week's news and decides who's hot... and who's not. This week's list inclu...
NEW YORK (AP) — Netflix has struck a deal with Warner Bros. Discovery to buy the legacy Hollywood giant’s studio and streaming business for $72 billion.
The acquisition, announced Friday, would bring two of the industry’s biggest players in film and TV under one roof.
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Beyond its namesake television and motion picture division, Warner owns HBO Max and DC Studios. And Netflix has rose to dominance as a household name ubiquitous to on-demand content, while building of its own production arm to release popular titles like “Stranger Things” and “Squid Game.”
The cash and stock deal is valued at $27.75 per Warner share, giving it a total enterprise value of approximately $82.7 billion.
The transaction is expected to close after Warner separates its Discovery Global cable operations into a new publicly-traded company in the third quarter of 2026.
