Netflix is taking Hollywood by storm. The streaming giant has announced plans to acquire Warner Bros Discovery in a staggering USD 82.7 billion deal, bringing iconic franchises like Game of Thrones, Harry Potter, and DC Universe films under one digital roof. The new deal promises viewers an unprecedented library of movies and shows, but it has also sparked concern among cinema owners, especially in India, over the future of theatrical releases.
Under the agreement, WBD shareholders will receive USD 23.25 in cash and USD 4.50 in Netflix stock per share. The merger is expected to finalize after WBD spins off its “Global Networks” division, including cable and news channels, by Q3 2026. Netflix co-CEOs described the acquisition as a union of two entertainment powerhouses, offering a larger, richer content library and new storytelling opportunities.
While Netflix intends to maintain Warner Bros’ theatrical operations, the Multiplex Association of India (MAI) warned that the deal could shrink theatrical releases, shorten cinema windows, and impact jobs and revenues tied to cinemas.
For viewers, the merger means faster streaming access, bundled plans, and one of the largest consolidated entertainment libraries ever. Globally, it marks one of the largest media consolidations in history, reshaping how films and shows are produced, distributed, and consumed.
Regulators and cinemas will need to monitor antitrust and competition issues, especially regarding traditional theater releases and content diversity.
The Netflix–Warner Bros deal signals a new era of viewer convenience and content abundance, but also uncertain times for cinemas worldwide.
Also Read: Trump receives FIFA Peace Prize at World Cup draw
