Netflix says it is buying Warner Bros. in a deal valued at $82.7 billion. The mega-merger between the streaming giant and storied studio is expected to close after Warner Bros. Discovery spins off its television networks division, Discovery Global, which is now expected to be completed in the third quarter of 2026. Tap the link in our bio for everything we know about the proposed deal, which faces significant regulatory hurdles before it can be completed. #neftlix #warnerbros #losangeles #hollyw