Netflix Buys Warner Bros. for $82.7B, Still Avoids Owning CNN Drama
KEY POINTS
- •On December 5th, Netflix completed an $82.7 billion acquisition of Warner Bros., HBO / HBO Max, and Warner Games.
- •The deal excluded Warner's cable and sports assets, including CNN, TNT Sports, and Discovery channels.
- •Politicians and regulators expressed immediate scrutiny, reflecting concerns about Netflix's growing media influence.
In an epic December 5th showdown worthy of Hollywood itself, Netflix outbid Paramount, Comcast, Amazon, and Apple with a jaw-dropping $82.7 billion to buy Warner Bros., HBO / HBO Max, and Warner Games—because who doesn't want Batman and a bunch of video games? Naturally, the deal left cable and sports channels like CNN, TNT Sports, and the Discovery channels on the bench, probably relieved to avoid another corporate makeover. Politicians and regulators began buzzing with concerns, making it clear that one streaming giant controlling so much might be almost as crazy as the number of companies who tried to outbid Netflix in the first place.
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(1 of 3)Netflix just spent $82.7B buying Warner Bros except for cable sports, because apparently owning Batman is easier than owning live sports chaos.
Netflix bought Warner Bros for $82.7B but somehow left CNN, proving even mega-corporations play favorites in the TV family reunion.
When Netflix said 'let's acquire the studio,' they really meant 'not the sports channels, thanks', leaving Tiger Woods forever unsaved.
Source: Theverge | Published: 12/5/2025 | Author: Verge Staff
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