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A stylized cityscape at night with silhouettes of characters, including Batman, looking up at glowing 'DC', 'HBO', and 'NETFLIX' logos in a fiery sky.

A stylized cityscape at night with silhouettes of characters, including Batman, looking up at glowing 'DC', 'HBO', and 'NETFLIX' logos in a fiery sky.
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Warner Bros. Discovery (WBD) is being acquired by Netflix, a massive deal announced in early December 2025, giving Netflix control over DC Studios, HBO, and the entire WBD media library, potentially ending HBO's DC shows and shifting all DC content (movies/TV) to Netflix platforms, though the future of James Gunn's DCU under this new ownership is uncertain but anticipated to continue under Netflix's stewardship. What Happened? Netflix's Acquisition: After a bidding war, Netflix agreed to buy WBD for around $83 billion, taking ownership of iconic properties like DC, HBO, and the Warner Bros. film library. Industry Shake-up: This deal is one of the largest in Hollywood history, set to reshape the streaming and entertainment landscape. Impact on DC & Warner Bros.: Content Migration: DC films and series, currently on HBO (Max), are expected to move to Netflix. James Gunn's DCU: While there are concerns, the plan is for Netflix to support James Gunn's new DC Universe (DCU), which is still in its early stages (Chapter One: Gods & Monsters). HBO's Role: HBO's DC TV shows might conclude as part of this transition, with future DC shows living on Netflix. Future Uncertainty: The deal isn't final (pending regulatory approval), and many wonder if Netflix will prioritize theatrical releases or home video for these storied properties, potentially altering the traditional movie-going experience. In essence, WBD is moving from being a standalone entity to becoming a massive asset within See more

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