Current Affairs - Business - Discussion

Netflix secured a landmark $72 billion agreement to acquire Warner Bros Discovery’s studios and streaming operations, marking one of the most transformative deals in entertainment history. By winning a competitive bidding battle against major rivals, Netflix gains control of world-renowned franchises such as Game of Thrones, DC Comics, and the Harry Potter universe. This acquisition strengthens its shift from a content-licensing platform to an integrated studio powerhouse with global production capabilities. The move also expands Netflix’s subscriber ecosystem by integrating HBO Max’s massive user base, positioning the company to further dominate the streaming market while navigating anticipated regulatory scrutiny in the U.S. and Europe.