Netflix to buy Warner Bros. studio, streaming arm in $72B deal

NEW YORK CITY, New York: Netflix's move to acquire Warner Bros. Discovery in a US$72 billion deal marks the biggest attempted consolidation yet in the streaming era, positioning the company to own both one of Hollywood's most storied studios and a major rival platform in HBO Max.

The agreement, announced December 5, could significantly redraw the entertainment landscape if regulators sign off.

The cash-an