Netflix Assures 'Nothing Is Changing' Amid Warner Bros Acquisition; Harry Potter, DC Universe To Share Platform

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December 5, internet buzzed over Netflix acquiring Warner Bros. including its film-television studios and streaming business along with HBO Max and HBO for $72 billion. The deal is expected to close in 12-18 months. Today, October 7, the leading streaming platform sent a mail to its subscribers that, 'Nothing is changing today. Both streaming services will continue to operate separately.'

Netflix updates subscribers about Warner Bros. acquisition

Today, through a mail, Netflix updated to its subscribers that, "We’ve recently announced that Netflix will acquire Warner Bros., including its film and television studios, HBO Max and HBO. This unites our leading entertainment service with Warner Bros.’ iconic stories, bringing some of the world’s most beloved franchises like Harry Potter, Friends, The Big Bang Theory, Casablanca, Game of Thrones and the DC Universe together with Stranger Things, Wednesday, Squid Game, Bridgerton and KPop Demon Hunters. Nothing is changing today. Both streaming services will continue to operate separately. We have more steps to complete before the deal is closed, including regulatory and shareholder approvals. You’ll hear from us when we have more to share."ALSO READ: 'We're Saving Hollywood' - Netflix REACTS To Backlash Over Warner Bros Acquisition, Says It 'Understands Business' Netflix in a press note announced that cash and stock transaction is valued at $27.75 per WBD share (subject to a collar as detailed below), with a total enterprise value of approximately $82.7 billion (equity value of $72.0 billion). The transaction is expected to close after the previously announced separation of WBD’s Global Networks division, Discovery Global, into a new publicly-traded company, which is now expected to be completed in Q3 2026. For the unversed, on December 4, news broke that Netflix had won the bidding war for the Warner Bros, and the streaming giant would now enter exclusive talks to secure a deal with the legacy media company.