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What Netflix's 54bn takeover of Warner Bros means for Hollywood and TV fans

Netflix managed to win a drawn-out bidding battle to acquire the Warner Bros Discovery's film and television operations. The deal includes the HBO Max streaming service

['Absolutely phenomenal' crime drama with two Doctor Who legends drops on Netflix]

Netflix(Image: NETFLIX)

Everything you need to know about Netflix's mega-money takeover of Warner Bros Discovery

• Netflix has agreed a 54 billion takeover of Warner Bros Discovery in one of the biggest deals in Hollywood history. The streaming giant says the deal will deliver up to 2 billion in savings.
• The US firm won a drawn-out bidding battle to acquire the studio groups film and television operations.
• The deal includes the HBO Max streaming service. It will also tie up Warner Bros major franchises such as Harry Potter and Game Of Thrones and Netflix hit Stranger Things.
• The takeover, which will reshape the global streaming market, is pending approval from competition regulators in multiple countries. Netflix co-CEO Ted Sarandos said: We can give audiences more of what they love and define the next century of storytelling.
• But questions remain over the future of HBO Max as a standalone service.