Tudum: Netflix Wins Warner Bros. In $72 Billion Deal

Radio & Television Business Report

Author: Adam Jacobson
December 5, 2025 7:57 am

Netflix, born out of a DVD-by-mail service, is acquiring Warner Bros. — including its film and television studios, the HBO Max platform in competition with Netflix, and the HBO cable TV network, from the David Zaslav-led Warner Bros. Discovery. Paramount had questioned the sale process’ “fairness and accuracy.”

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