Edgar Cervantes / Android Authority
TL;DR Netflix is attempting to acquire Warner Bros Discovery’s studios and streaming unit.
The proposed acquisition could see Netflix and HBO Max bundled together.
If the bid is successful, it would reportedly lower the combined cost for consumers.
Update: December 5, 2025 (10:43 AM ET): Netflix has announced that it has entered into a definitive agreement with Warner Bros Discovery to acquire WBD’s film and television studios, HBO Max, and HBO. This means that shows and movies, including the DC Universe, The Big Bang Theory, The Sopranos, Game of Thrones, The Wizard of Oz, and more, will now be under the Netflix umbrella once the transaction is closed.
In the announcement, Netflix states that it “expects to maintain Warner Bros.’ current operations and build on its strengths, including theatrical releases for films.” The company also says, “By adding the deep film and TV libraries and HBO and HBO Max programming, Netflix members will have even more high-quality titles from which to choose.” Netflix did not share how this development will affect its streaming prices. Original article: December 3, 2025 (11:48 AM ET): These days, we’ve grown accustomed to the ever-increasing prices of streaming services. At this point, it feels almost like an annual tradition to hear that subscription costs are going up. In a rare break from that trend, new rumors suggest that we may actually see a price reduction in the future.
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Reuters reports that Warner Bros Discovery is currently looking to sell all or parts of its business. The company is fielding offers from big names, including Netflix, Comcast, and Paramount Skydance. Netflix, in particular, is interested in acquiring WBD’s studios and streaming unit. If Netflix’s proposed bid is successful, it could lead to savings for consumers.
According to sources familiar with the deal, Netflix’s acquisition of WBD’s studios and streaming unit could see Netflix and HBO Max bundled together. This bundled offering could come at a lower cost than paying for both services separately. The sources add that “the vast majority of HBO Max customers also subscribe to Netflix.” If that’s the case, then this would be a win for these viewers.
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