Netflix acquires Warner Bros. Discovery

Netflix agreed to acquire Warner Bros. Discovery. Reported deal value: Undisclosed. Status: Exploring. Sector: 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.

Cameron backs Paramount in WBD acquisition February 20, 2026 In a letter to US Senator Mike Lee – who chairs the Senate subcommittee on antitrust, competitive policy and consumer rights – Hollywood director James Cameron has argued that allowing Netflix to purchase the Warner Bros Discovery studio will be disastrous” for cinemas and weaken an essential element in the Hollywood chain that will almost certainly lead to substantial job losses