Netflix Officially Acquires Warner Bros. Worth IDR 1,378 Trillion, Estimated Q3 2026

JAKARTA - Netflix officially acquired Warner Bros. Discovery, Inc. (WBD). The two companies have signed an agreement, where Netflix will become the owner of Warner Bros., including its film and TV studio, HBO Max, and HBO.

The cash and share transactions are worth 27.75 US dollars (Rp463,000 at an exchange rate of Rp16,690) per WBD share, with a total value of around 82.7 billion US dollars (Rp1,379 trillion) and an equity value of 72.0 billion US dollars (Rp1,202 trillion).

In its official announcement, Netflix stated that this transaction is expected to be completed after the separation of the WBD Global Networks unit, namely Discovery Global, which is planned to be completed in the 3rd quarter of 2026.

Our mission has always entertained the world. By combining Warner Bros.'s extraordinary content library, along with key Netflix titles, we can do it even better, "said Netflix's Co-CEO, Ted Sarandos in the announcement.

This acquisition is claimed to expand Netflix's studio capabilities, increase production capacity in the US, and encourage long-term investment in original content which ultimately creates jobs and strengthens the industry.

"By joining Netflix, we ensure that the most resonated stories will continue to be enjoyed by future generations," continued David Zaslav, President and CEO of Warner Bros. Discovery.

By offering more choices of quality series and films, Netflix is targeting an increase in the number of subscribers, engagements, and revenues.

Under the acquisition agreement, each shareholder of Warner Bros. Discovery (WBD) will receive around US$23.25 (Rp387 thousand) in cash and additional Netflix shares worth approximately US$4.501 (Rp75 thousand) for each WBD share owned.

For information, in June 2025, WBD announced plans to separate the Streaming & Studios and Global Networks business into two separate public companies. This separation is expected to be completed in the third quarter of 2026, before the close of acquisition transactions.

The new companies formed, Discovery Global, will include entertainment, sports, and news channels such as CNN, TNT Sports, Discovery, FTA channels in Europe, as well as digital products such as Discovery+ and BleacherReport.