- Netflix has confirmed that it will acquire Warner Bros. Discovery for over $80 billion.
- This deal will see the former owning major television and film IPs like Game of Thrones, the DC Universe, and more.
- Gaming franchises like Mortal Kombat will also fall under the Netflix umbrella moving forward.
Financial troubles were brewing at Warner Bros. Discovery for quite some time now, leading the studio down the path of a merger.
According to rumors, the likes of Sony and Paramount were among the frontrunners for an acquisition, but it seems a different contender has won the bidding war. In a new update, Netflix has confirmed that it has now acquired Warner Bros. Discovery.
Why it matters: Consolidation within the entertainment industry has become quite common, with this latest example highlighting yet another major buyout that could significantly impact things moving forward.
The latest deal is worth a whopping $82.7 billion and will see Netflix acquiring all the IPs under Warner Bros. Discovery. These include films, television, and other properties owned by the studio.
According to Netflix, this deal will combine the best of the two giants, making for world-class storytelling in the future, revolving around IPs like Game of Thrones, the DC Universe, and more.
Although the official announcement does not mention Warner Bros. Discovery’s gaming division, it seems safe to expect the likes of Mortal Kombat and Hogwarts Legacy to be owned by Netflix moving forward.
Moreover, internal teams like Rocksteady and NetherRealm should now fall under the Netflix umbrella.
Because Netflix hasn’t been too successful in its gaming endeavors, it will be interesting to see whether this deal will have a significant impact on Warner Bros. Discovery’s gaming division.
For context, Warner Bros. has itself mismanaged its IPs and studios quite a bit recently, with Hogwarts Legacy being the only standout success for the studio in recent years.
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[Senior News Reporter]
Avinash is currently pursuing a Business degree in Australia. For more than 5 years, he has been working as a gaming journalist, utilizing his writing skills and love for gaming to report on the latest updates in the industry. Avinash loves to play action games like Devil May Cry and has also been mentioned on highly regarded websites, such as IGN, GamesRadar, GameRant, Dualshockers, CBR, and Gamespot.
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