LOS ANGELES, Dec 5 — Streaming giant Netflix is acquiring the Hollywood stalwart Warner Bros following the spin-off of Warner's Discovery Global business unit for nearly US$82.7 billion (RM339.9).
The German Press Agency reported that the deal includes Warner Bros' film and television studios HBO Max and HBO.
"Our mission has always been to entertain the world," said Netflix's co-chief executive Ted Sarandos in a statement on Friday.
"By combining Warner Bros' incredible library of shows and movies, from timeless classics like Casablanca and Citizen Kane, to modern favourites like Harry Potter and Friends, with our culture-defining titles like Stranger Things, KPop Demon Hunters, and Squid Game, we will be able to do that even better.
"Together, we can give audiences more of what they love and help define the next century of storytelling," he said.
