The development comes after a drawn-out bidding war for the WBD's assets between Netflix and rivals Paramount and Comcast.
However, Netflix's planned merger with WBD is likely to face strong regulatory scrutiny as it would result in the combination of two of the biggest streaming services in the US.
Wondering what the deal would mean for Netflix subscribers? Read on for everything we know so far.
What does Netflix acquiring Warner Bros Discovery mean for viewers like you?
Netflix will also get hold of all HBO shows, which include Succession and Game of Thrones.
In a statement shared on Friday, Ted Sarandos, the co-chief executive of Netflix, said "Our mission has always been to entertain the world."
"Together, we can give audiences more of what they love and help define the next century of storytelling."
The streamer also said it expects to maintain Warner Bros’ current operations, including theatrical releases for films.
Could the price of Netflix subscriptions increase?
At present, the answer to this is unknown, but it seems rather likely that Netflix will hike prices in order to offset acquisition costs.
Currently, Netflix's lowest price tier is the Standard with Ads-tier for £5.99 a month, and after that it's £12.99 a month for Standard and £18.99 for Premium.
Check out more of our Film coverage or visit our TV Guide and Streaming Guide to find out what's on. For more TV recommendations and reviews, listen to The Radio Times Podcast.
Hence then, the article about what does netflix acquiring warner bros discovery mean for viewers like you streaming giant confirms acquisition plans was published today ( ) and is available on Radio Times ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( What does Netflix acquiring Warner Bros Discovery mean for viewers like you? Streaming giant confirms acquisition plans )
Also on site :
- Samsung Plans to Bring Google Photos to Samsung AI TV Lineup, Helping Users Relive Their Favorite Memories on the Big Screen
- Arrowhead Stadium Worker Reveals 'Beautifully Kind' Gesture From Taylor Swift During Chiefs' Christmas Day Game
- Hilton assisted living facility evacuated overnight due to water leak