DEVELOPING: Netflix Seals $72 Billion Deal to Acquire Warner Bros' Studio and Streaming Businesses

Breaking News: Netflix Seals $72 Billion Deal to Acquire Warner Bros' Studio and Streaming Businesses Netflix has agreed to buy Warner Bros' studio and streaming businesses for a staggering $72 billion, in a deal that will reshape the entertainment industry landscape. The acquisition is set to be finalized in the coming weeks. The deal brings together two of the world's largest players in film and TV under one roof. Warner Bros owns iconic franchises like "Harry Potter" and "Friends," as well as HBO Max and DC Studios. Netflix, meanwhile, has built a reputation for on-demand content and has its own production arm, releasing hit titles like "Stranger Things" and "Squid Game." The acquisition is expected to have significant implications for the entertainment industry, potentially altering the way content is created, distributed, and consumed. Warner Bros CEO David Zaslav hailed the deal as a "new chapter" for the company, while Netflix has yet to comment on the acquisition. This deal marks a major shift in the global media landscape, with two industry giants combining forces. The acquisition is expected to be finalized in the coming weeks, pending regulatory approval. This is a developing story, with further details and reactions expected in the coming hours and days. Stay tuned for updates as this story continues to unfold.