It's all part of the deal.
Netflix and Warner Bros. Discovery have “entered into a definitive agreement” for Netflix to acquire the iconic film and television company, and that includes the likes of WB Games, NetherRealm, and Rocksteady.
Netflix will acquire Warner Bros. in a $82.7 billion USD deal, with Discovery Global spinning off as a separate, independent company ahead of the acquisition. Alongside Warner Bros.’ gaming studios, Netflix will also gain the likes of DC Comics and HBO as part of the deal.
On the gaming front, Netflix will be in control of Mortal Kombat‘s NetherRealm, Batman Arkham‘s Rocksteady, LEGO games’ TT Games, Hogwarts Legacy‘s Avalanche Software, and several WB Games studios (Batman Arkham Origins, Gotham Knights) following the acquisition.
“Today’s announcement combines two of the greatest storytelling companies in the world to bring to even more people the entertainment they love to watch the most,” said David Zaslav, President and CEO of Warner Bros. Discovery.
“For more than a century, Warner Bros. has thrilled audiences, captured the world’s attention, and shaped our culture. By coming together with Netflix, we will ensure people everywhere will continue to enjoy the world’s most resonant stories for generations to come,” Zaslav continued.
The acquisition itself is subject to approval by associated regulatory bodies, and is expected to take 12-18 months to complete.
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