What to Know About Netflix’s $83 Billion Deal for Warner Bros. Discovery
The cash-and-stock deal would give the world’s largest paid streaming service expansive power over theater owners and entertainment-industry unions.
Netflix insisted on Friday that it would follow the Warner Bros. model and continue to release movies in theaters for exclusive runs. But many people in Hollywood were skeptical.
Credit...
Aleksey Kondratyev for The New York Times
Angst Turns to Anger in Hollywood as Netflix Hooks Warner Bros.
Much of the entertainment capital fears that Netflix’s deal will lead to more job losses and theater closings and fewer boundary-pushing movies
By Brooks Barnes and Shawn Hubler
Reporting from Los Angeles
- Dec. 6, 2025
