Netflix to Buy Warner Bros in $83 Billion Deal NYT: Technology By:Brooks Barnes Β· Lauren Hirsch and Nicole Sperling 5 December 2025 at 16:56 The deal to acquire the Hollywood behemothβs television and film studios as well as HBO Max will bulk up the worldβs biggest paid streaming service. Β© Mario Tama/Getty ImagesNetflix has never tried an acquisition even remotely close to this size.