Netflix is preparing to take its biggest step yet beyond streaming, entering an agreement to acquire Warner Bros. in a deal reportedly valued at over $80 billion. The transaction is expected to close in 2026, marking one of the largest entertainment acquisitions in modern history. Alongside Warner Bros.’ vast film and TV assets, the move could also extend to Warner Bros. Games, although the games division was not explicitly mentioned in the initial press release.
According to early reporting, internal sources suggest that Netflix is aiming to bring the gaming arm into the deal as well; a move that would instantly place the company in the center of AAA development. If included, Netflix would gain access to top-tier studios such as NetherRealm, Rocksteady, Avalanche Software, Monolith Productions, and TT Games. Insider reports indicate this possibility is on the table, even if not formally confirmed yet.
For Netflix, the acquisition is more than just about expanding its streaming library. Taking control of Warner’s IP and potentially its game studios would allow the company to build a unified entertainment ecosystem where major franchises can exist across films, series, and games; all under one corporate roof. From DC to Harry Potter to Mortal Kombat, the potential cross-media opportunities are enormous.
Even so, the deal comes with hurdles. Regulatory bodies in both the US and Europe are expected to review the acquisition closely due to its scale and potential influence across multiple entertainment sectors. This review process may stretch over months, but analysts already anticipate far-reaching consequences: Netflix entering AAA gaming at this level could shift how platforms compete and how major franchises evolve across mediums.
For players, the biggest question is how Netflix will handle its new studios. Will games become part of the Netflix subscription? Will major franchises like Mortal Kombat or Hogwarts Legacy evolve under new leadership? Or will Netflix let the studios operate independently while tying them into future streaming plans?
Answers will come later but the impact is already clear. Stay tuned to VGNW and follow us on X as we track regulatory updates, studio changes, and how this acquisition could redefine Netflix’s future in AAA games.
How much is Netflix paying for Warner Bros.?
Current reports estimate the deal at over $80 billion, combining cash and stock components.
Is Netflix really buying Warner Bros.?
Yes. Netflix has entered an agreement to acquire Warner Bros. in a deal valued at over $80 billion, with the transaction expected to close in 2026, pending regulatory approval.
