Netflix to Acquire Warner Bros. Discovery in $83B Deal, CNN and Cartoon Network Channels to Exit DSTV
Netflix is set to acquire Warner Bros. Discovery in an $83 billion deal, transforming the home movie streaming industry.
The transaction, expected to close in Q3 2026, will see Netflix gain access to Warner Bros. Discovery's studio and streaming assets.
This acquisition marks a significant shift in the media landscape, with multichoice channel company announcing the exit of 11 Warner Bros. Discovery channels from its DSTV platform by December 31, 2025, affecting popular channels like CNN and Cartoon Network.
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