CNN Is Excluded From Netflix’s Warner Bros. Deal for Now

Mark Douglas, CEO of MNTN, expressed skepticism about CNN's ability to thrive independently and suggested that Netflix should focus on enhancing its successful franchises like Game of Thrones and The White Lotus rather than entering the news space. This statement comes amid Netflix's plans to acquire Warner Bros. in a significant deal.

Warner Bros. Discovery's board has approved Netflix's acquisition of Warner Bros., contingent upon regulatory clearance. Netflix plans to retain HBO Max and HBO, while Warner Bros. Discovery's cable properties, including CNN, TNT, and TBS, will be spun off into a new entity named Discovery Global by the third quarter of 2026.

Netflix has agreed to acquire Warner Bros Discovery for approximately $72 billion, a significant move that will reshape the Hollywood film and television landscape. This acquisition includes control over major franchises such as Harry Potter, Batman, and HBO's popular series like Game of Thrones and Succession.

Netflix has finalized a significant deal to acquire Warner Bros. for $72 billion in cash and stock, a move that brings iconic franchises like Batman and Harry Potter to its streaming platform. This acquisition follows a competitive bidding process involving major players such as Paramount and Comcast, which has drawn criticism for its perceived lack of transparency.

Netflix's stock has experienced a decline following its announcement of a $72 billion acquisition of Warner Bros. Discovery, a move that has raised concerns among investors regarding the financial implications of such a significant investment. The deal is contingent upon regulatory approval and aims to integrate Warner's extensive content library, including HBO Max and popular franchises.

Netflix has announced its acquisition of Warner Bros. Discovery in a landmark deal valued at $72 billion, which will provide Warner Bros. shareholders with $27.75 per share in cash and stock. This acquisition is poised to reshape the landscape of Hollywood and streaming services significantly.

Netflix has entered a fierce bidding war to acquire Warner Bros. Discovery, a move that has triggered significant competitive responses from rivals like Paramount and Comcast. The Trump administration's involvement adds a layer of complexity to the negotiations, suggesting that the battle for this storied studio may not be concluded yet.

Netflix has announced its intention to acquire Warner Bros. in a significant $72 billion cash and stock deal, which will take place after Warner Bros. completes the spinoff of its networks division, including CNN, TBS, and TNT. This acquisition marks a pivotal moment in the entertainment industry, reflecting Netflix's aggressive expansion strategy.