DEVELOPING: Netflix to Acquire Warner Bros for $72 Billion in Historic Deal

Breaking News: Netflix to Acquire Warner Bros for $72 Billion Netflix has agreed to buy the film and streaming businesses of Warner Bros Discovery for $72 billion in a major Hollywood deal. The acquisition is set to create a new giant in the entertainment industry. The deal, which was finalized after a drawn-out battle with rivals Comcast and Paramount Skydance, will give Netflix ownership of Warner Bros' iconic franchises, including Harry Potter and Game of Thrones, as well as the streaming service HBO Max. Warner Bros' vast library of content will be combined with Netflix's popular series, such as Stranger Things, to create a massive entertainment platform. Netflix co-chief executive Ted Sarandos expressed confidence in the deal, stating that the company is "highly confident" it will receive regulatory approval and is moving "full speed" towards the acquisition. The takeover is subject to approval from competition authorities, and some in the film industry have raised concerns about the potential impact on workers and consumers. The Writers Guild of America has criticized the deal, citing negative effects on the industry. This is a developing story, and further updates will be provided as more information becomes available.