Netflix acquires Warner Bros. Discovery

Netflix agreed to acquire Warner Bros. Discovery. Reported deal value: $70B. Status: Speculated. Sector: Media and Entertainment. Target headquarters context: New York City, New York, United States.

This page summarizes publicly available information about the transaction as of 2026-02-20. Figures and status may change as filings and press coverage update.

The correspondence was later obtained by CNBC. Cameron wrote that he believes trongly that the proposed sale of Warner Brothers Discovery to Netflix will be disastrous for the theatrical motion picture business that I have dedicated my life work to.'While acknowledging that his own films eventually reach home audiences, he added, 'Of course, my films all play in the downstream video markets as well, but my first love is the cinema.' Cameron predicted that a contraction in large-scale productions, the kind of tentpoles that often anchor theatrical release calendars, would have sweeping conse...