A Library That Spans Eras and Universes
With this union, Netflix acquires the rarest of cinematic treasure chests: classics like Casablanca and The Wizard of Oz, global sensations like Game of Thrones, the DC universe, and the Harry Potter franchise. They will now sit beside Netflix’s own pillars, including Stranger Things, Bridgerton, and Money Heist, forging a catalog that stretches from golden-age reels to streaming-age juggernauts.
Netflix expects the merger to boost membership and engagement while generating $2 billion to $3 billion in annual cost savings by the third year after closing. The company projects the deal will become accretive to earnings by year two.
Leaders Cast the Vision
“Our mission has always been to entertain the world,” Netflix co-CEO Ted Sarandos said, framing the acquisition as an expansion of that ambition. “Together, we can give audiences more of what they love and help define the next century of storytelling.”
Co-CEO Greg Peters echoed the sentiment, emphasizing that the transaction would broaden the company’s production reach and “accelerate our business for decades to come.”
Netflix added that it will keep Warner Bros.’ operations intact and reinforce its strongest assets, including theatrical film releases.
WBD CEO David Zaslav called the combination a guarantee that “people everywhere will continue to enjoy the world’s most resonant stories for generations to come.”
