Netflix Buying Warner Bros. Is A Cruel Way To End The Movie Year

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It's really happening. After a competitive bidding period that saw Netflix, Paramount Skydance, and Comcast each put in offers, Warner Bros. Discovery has chosen Netflix, and the two companies have agreed to terms. WBD will move ahead with the planned split of its studios and streaming divisions, which Netflix will acquire, from its Global Networks division, Discovery Global, which is expected to happen in Q3 of next year. Netflix and WB's deal will then be finalized sometime afterward, with an expected timeline of 12-18 months from now.


Source: https://screenrant.com/warner-bros-sale ... -reaction/