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Netflix to Acquire Warner Bros. Discovery in Major Media Deal
Acquisition

Netflix to Acquire Warner Bros. Discovery in Major Media Deal

CNBC – US Top News & Analysis
CNBC – US Top News & Analysis
•February 19, 2026
CNBC – US Top News & Analysis
CNBC – US Top News & Analysis•Feb 19, 2026
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Participants

Netflix

Netflix

acquirer

Deal Summary

Netflix announced a deal to acquire Warner Bros. Discovery, creating a media powerhouse. The announcement prompted director James Cameron to send a scathing letter to a U.S. antitrust lawmaker, warning of potential market concentration. The deal, valued at an undisclosed amount, is expected to reshape the streaming landscape.

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