RIP King

I actually don’t think this will end up being approved and it will ultimately be the worst outcome of out all possibilities

Cost savings aka not having to pay licensing fees for Warner Bros. shows and movies on Netflix

I remember when Netflix payed $500 million for WB to keep Friends on Netflix for a year

Now they're getting that s*** back forever

netflix and paramount will be having a bribe off with the white house

That’s a win (for now)

Sopranos, The Wire and GoT on Netflix is crazy

out the gate already on bullshit

Letter from Zaslav to WB employees:

Team,

The Board of Directors of Warner Bros. Discovery (WBD) approved a transaction under which Warner Bros. will be acquired by Netflix, subject to regulatory approvals and closing conditions, including the completion of the separation of Discovery Global from WBD.

As part of the structure, the Global Networks business will form a new standalone company, Discovery Global, with Gunnar Wiedenfels to serve as CEO once the new company separates from WBD, now expected to be completed in Q3 2026.

This decision reflects the realities of an industry undergoing generational change – in how stories are financed, produced, distributed, and discovered – and recognizes the strong, transformed company we are today, the significant value we have created, and the resilience and attractiveness that now position us in a rapidly evolving marketplace. Over the past several months, the Board evaluated a full set of strategic paths. Their conclusion is that this structure – Warner Bros. joining Netflix, and Discovery Global becoming a focused standalone company – provides the strongest long-term foundation for both sets of businesses.

As outlined in the announcement, the proposed combination of Warner Bros. and Netflix reflects complementary strengths, more choice and value for consumers, a stronger entertainment industry, increased opportunity for creative talent, and long-term value creation for shareholders.

I know this announcement creates many questions about what’s next. For some, it brings clarity about direction. For others, it raises questions about what this means for their teams and their work. All of those reactions are understandable. A transaction of this nature naturally creates uncertainty, and not all answers will be available immediately. Some will be clarified in the coming days and weeks; others depend on regulatory processes and on work that cannot begin until separation or closing.

People across WBD have navigated extraordinary change over the last three years, while building a company with real creative, journalistic, and commercial strength. That deserves to be acknowledged plainly.

What we can say now, based on the direction set out today, is that this structure provides a clearer path forward for Warner Bros. within Netflix, and for Discovery Global as a standalone company. For both, the goal is to position their creative work, talent, and brands to navigate a market that is constantly evolving and increasingly global.

What happens now

Later today, we will hold a Global Town Hall to walk through what we know and what is still to be determined. Calendar invites will follow shortly after this email.

Business Unit leaders will hold discussions specific to their areas in the coming days, so you can hear directly from your leader.

Managers will also come together early next week so they have the context and support they need to guide their teams through the early stages of this transition.

What happens next

The path toward a separation of WBD into Warner Bros. and Discovery Global will shift. We will redirect work tied to the earlier, planned two-company operating model and focus instead on the steps required to enable this transaction.

In the coming days, we will establish an Integration Office, which will coordinate all planning with Netflix, consistent with regulatory requirements. Until the transaction closes, WBD and Netflix remain separate companies. It may be tempting to reach out directly to counterparts or former colleagues at Netflix, but it is essential that all interactions are managed through this office to ensure we meet every legal and regulatory obligation.

What this means for you

We also recognize that many people are looking for more clarity about what to focus on, how to prioritize work, and what this means for their teams. Those details will become clearer over the next several weeks, as we move toward our 2026 goal-setting and operating plan alignment processes.

As part of that, you will hear guidance from your Business Unit and functional leaders early in the new year, with expectations and priorities anchored to what we know at that point in the regulatory process.

In the meantime, please continue to focus on the work needed to wrap up 2025, support year-end deliverables, and take the opportunity to rest and recharge over the holidays.

We will continue to communicate regularly, and new information will be shared in One Insider and on the One website. And we will see you later today at the Global Town Hall.

As we move through this next chapter, our aim is simple: handle decisions with care, communicate clearly about what we know, and make sure people have the information and support they need at each step.

I know moments like this carry weight. And they can also mark the beginning of new possibilities. The work you bring to this company – and the way you have shown up for one another – has built something that others clearly see value in. That matters. And while I cannot predict every step ahead, I am confident in the strength of our brands, in the talent of our teams, and in the stories, journalism, and experiences we will continue to bring to audiences around the world.

David

When you’re watching Brutalist on Netflix and during the intermission you get the

“Are you still watching?”

Aye yall know Lebron got an investment from Warner Bros. Ent in 2015. I wonder with Netflix acquiring WB. If Uninterrupted was acquired as well

He’s undercover infiltrating Netflix via netherealm studios and ed boon :​

Netflix, HBO and whatever all on one platform is better and easier for consumers

I’d rather pay $15 than have to buy Netflix monthly & HBO

No part of this is shocking with how wb has been run under zas

netflix been steady hiking prices even before this, you really think a price boost or 3 isn’t on the way with all the new content it’s adding?

You're going to play $45 for one service

Superman vs Vecna

This I agree on but what you desire again is essentially cable which existed before everyone had streaming . All the networks splitting up and making back room deals to buy each other isn’t it

Especially since this affects more than just tv and film .

Netflix none of us can name a hugely successful game by their studio and now they run wb games studios which were already struggling

I always expected streaming services to eat each other once the fad of every one trying their own failed but for this to include theatrical movies as well is so diabolical there was a time streaming was specifically an alternative to cable

Don’t spoil the plot

That’s a good deal. Look at all the content we’re getting. Now compare that to Amazon video or Hulu and you still get more value with Netflix now

you’re gonna be paying 40 for both libraries