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Netflix to Buy Warner Bros in $72 Billion Deal

by Tyler Durden
December 5, 2025
in News
Reading Time: 2 mins read
netflix-warner-bros

(ZeroHedge)—Netflix will acquire Warner Bros., including its film and TV studios, HBO, and HBO Max, in a cash-and-stock transaction valuing WBD at an enterprise value of $82.7 billion (equity value $72 billion), or $27.75 per share. The deal is expected to close in 3Q26, following WBD’s planned spinoff of its Global Networks division into a separate public company (“Discovery Global”). The move comes just months after Paramount-Skydance made its own bid for WBD.

The Netflix-WBD deal unites the streaming platform with a century-deep library and franchises such as DC, Harry Potter, Game of Thrones, The Sopranos, and The Big Bang Theory.

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Netflix wrote in a statement that the deal will boost its content offering, expand production capacity, and improve long-term growth:

By offering members a wider selection of quality series and films, Netflix expects to attract and retain more members, drive more engagement, and generate incremental revenue and operating income. The company also expects to realize at least $2–3 billion of cost savings per year by the third year and expects the transaction to be accretive to GAAP earnings per share by year two.

Here’s a snapshot of the deal terms:

  • Each WBD share converts into $23.25 in cash plus $4.50 in Netflix stock
  • Boards of both companies unanimously approved the transaction
  • Closing in 12–18 months, pending regulatory review and WBD shareholder approval
  • Bankers for NFLX: Moelis, Skadden; additional financing by Wells Fargo, BNP, HSBC
  • Bankers for WBD: Allen & Co., J.P. Morgan, Evercore; legal counsel Wachtell and Debevoise

Netflix outbid other offers, including those from Paramount-Skydance and Comcast, earlier this year.

Bloomberg noted that Hollywood is far from thrilled about this new Netflix–WBD marriage:

And the winner is… Netflix.

Warner Bros. Discovery began exclusive negotiations to sell its film and TV studios and HBO Max to Netflix, people familiar said — a sign that the streaming giant pulled ahead of Paramount-Skydance and Comcast. A deal would reshape the entertainment landscape and mark a major strategic shift for Netflix, already Hollywood’s most valuable company. Paramount called the sale process “tainted,” while two-time Oscar-winner Jane Fonda used a stronger word for its likely impact on the industry: “catastrophic.”

Former WBD CEO…

If I was tasked with doing so, I could not think of a more effective way to reduce competition in Hollywood than selling WBD to Netflix

— Jason Kilar (@jasonkilar) December 4, 2025

Netflix shares moved lower in the early cash session, down around 2%.

Founded as a DVD-by-mail service, Netflix first crushed video chain Blockbuster – and is now doing the same to Hollywood by largely refusing to release films in theaters. The deal would position Netflix as a true studio heavyweight. Of course, all of this still hinges on regulatory approval, with California Republican Darrell Issa already objecting to any potential Netflix takeover of Warner Bros.

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How to Prepare for Food Emergencies if You Don’t Have a Homestead or Bunker

In an unpredictable world, where supply chain disruptions, natural disasters, or economic instability can strike without warning, having a reliable food supply is more than just smart—it’s essential for survival. Whether you’re a “prepper” or not, we all know the golden rule: self-sufficiency is key. But what if you’re living in an apartment, working long hours, or simply don’t have the land to turn into a thriving homestead? Don’t worry; there’s a practical, effective way to build your food security without needing acres of soil or a fortified bunker.

The Ideal Prep: Building Your Own Food Empire

The ultimate dream for any serious prepper is controlling your own food production. Imagine waking up to a sprawling garden bursting with fresh vegetables, fruits, and herbs—tomatoes ripening on the vine, potatoes ready to harvest, and greens that provide nutrition year-round. Add in livestock like chickens for eggs and meat, and you’ve got a self-sustaining system that keeps your family fed no matter what chaos unfolds outside.

This approach isn’t just about calories; it’s about resilience. A well-maintained garden can yield hundreds of pounds of produce annually, while a small flock of chickens might produce dozens of eggs weekly. It’s empowering, cost-effective in the long run, and teaches invaluable skills like crop rotation, animal husbandry, and preservation techniques. If you have the space, time, and resources, starting small and scaling up is the best path to true independence.

The Reality Check: Not Everyone Can Homestead

But let’s face it—not all of us are in a position to go full homesteader. Urban dwellers might be limited to a balcony or community plot that’s far from sufficient for long-term needs. Busy professionals juggling jobs, families, and daily life often lack the hours required for daily tending. And for those in apartments, condos, or regions with harsh climates, raising livestock or maintaining a large garden simply isn’t feasible. Factors like zoning laws, soil quality, water access, or even physical limitations can make this ideal out of reach.

That’s where the frustration sets in. You want to be prepared, but without a homestead or bunker, how do you ensure your pantry doesn’t run dry during a prolonged crisis? The good news is, you don’t have to sacrifice your preparedness goals. There’s a smart, accessible alternative that bridges the gap: investing in high-quality, long-term storage food.

The Smart Alternative: Long-Term Storage Food from Heaven’s Harvest

Long-term storage food is designed for exactly these scenarios—providing nutrient-dense, shelf-stable meals that last for decades without refrigeration or special conditions. It’s the perfect solution for preppers who can’t rely on fresh production but still demand reliability and variety in their emergency stockpile.

At Heaven’s Harvest, they specialize in premium survival food kits that make preparedness effortless. Their products are crafted with the prepper mindset in mind: non-GMO, made in the USA, and packed with real ingredients that taste like home-cooked meals, not bland rations. Whether you’re stocking up for a short-term blackout or a long-haul SHTF event, our kits offer:

  • Extended Shelf Life: Up to 25 years of storage, so you can buy once and forget about rotation worries.
  • Nutritional Balance: High-protein entrees, fruits, vegetables, and dairy alternatives to keep your energy up and health intact.
  • Ease of Preparation: Just add water, and you’ve got hearty meals like beef stroganoff, chili mac, or cheesy lasagna ready in minutes—no garden weeding required.
  • Customizable Options: From individual buckets to family-sized kits, scale your supply to fit your needs and budget.
  • Peace of Mind: Sealed in durable, waterproof containers that protect against pests, moisture, and light.

Unlike generic store-bought cans that spoil quickly or lack variety, Heaven’s Harvest focuses on quality and sustainability. Our food is freeze-dried or dehydrated to lock in flavor and nutrients, ensuring you’re not just surviving but thriving. And for those concerned about allergens or dietary preferences, we offer gluten-free and vegetarian options to keep everyone covered.

Why Wait? Secure Your Food Supply Today

Preparing for food emergencies doesn’t require a homestead or bunker—it requires action. By choosing long-term storage food from Heaven’s Harvest, you’re taking control in a way that fits your lifestyle. Start small with a 72-hour kit to test the waters, or go all-in with a year’s supply for ultimate security.

Visit Heaven’s Harvest today and use code “PATRIOT” for an exclusive discount on your order. Don’t let limitations hold you back; build your resilient future, one meal at a time. Your family will thank you when it matters most.

Tags: LedeNetflixTop StoryZero Hedge

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