Netflix and Warner Bros. Discovery have entered into a definitive agreement, with Netflix acquiring Warner Bros., including its film and television studios, HBO Max, and HBO. The cash and stock transaction is valued at $27.75 per Warner Bros. Discovery share, with a total enterprise value of approximately $82.7 billion.
What’s of interest to us, as gamers, is that Netflix will also be acquiring the games and consumer products and experiences division of Warner Bros., which includes developers TT Games, Rocksteady Studios, NetherRealm Studios, WB Games Boston, Avalanche Software, and more. That means Netflix will own the LEGO series of games, Mortal Kombat, Batman: Arkham, and Hogwarts Legacy, to name a few.
One could argue that Warner Bros. has been making questionable decisions with some of its studios. For example, it acquired MultiVersus developer Player First Games in July 2024, only to shut it down a few months later. It’ll be really interesting to see what Netflix does with all of these studios, as the company has had some mixed results getting involved with the gaming industry.
We’re sure there will be plenty of thoughts on this acquisition, with Netflix swallowing up more of the industry. I for one can’t wait to hear about the subscription jumping to something absurd like $49.99 a month.
“Today’s announcement combines two of the greatest storytelling companies in the world to bring to even more people the entertainment they love to watch the most,” said David Zaslav, President and CEO of Warner Bros. Discovery. “For more than a century, Warner Bros. has thrilled audiences, captured the world’s attention, and shaped our culture. By coming together with Netflix, we will ensure people everywhere will continue to enjoy the world’s most resonant stories for generations to come.”
