By Luke Kawa
Publication Date: 2025-12-05 19:12:00
Netflix is acquiring Warner Bros. and HBO assets for less than it’s spent to add content since the pandemic started
What would you, as a viewer, rather watch:
Every new piece of content that’s appeared on Netflix since the pandemic started, or all the original series ever produced by HBO as well as the 100-year-plus portfolio of Warner Bros. films?
That’s one lens through which to view the streaming giant’s agreement to buy Warner Bros. studio and streaming assets for an equity value of $72 billion or an enterprise value of $82.7 billion (which factors in the debt Netflix is assuming from the acquired entity).
Since the end of 2019, Netflix has sent over $87 billion in cash out the door to add content assets to its vast library.
The good news is that presumably, you won’t have to make that choice. Presumably, in the event that this merger is approved and any existing distribution deals lapse, this library will be rolled up under one roof. That’ll probably entail higher…
