The Netflix logo is appearing on a smartphone screen, and the Warner Bros. Discovery logo is displaying as the background on a laptop screen in this video illustration in Athens, Greece, on December 6, 2025. Netflix is announcing an agreement to acquire Warner Bros. Discovery in a deal valued at approximately US $82.7 billion, including HBO, HBO Max, Warner Bros. studios, and its extensive content library, marking one of the largest consolidation moves in the global entertainment industry.
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