Netflix would acquire Warner television and film studios as well as HBO Max in a deal that would bulk up the world’s biggest paid streaming service.

Netflix has entered exclusive talks to buy the studio and HBO Max service from Warner Bros. Discovery, winning a bidding war against Paramount and Comcast.

The deal, if consummated, would bring seismic change to the entertainment industry, joining the world’s dominant paid streaming service with one of Hollywood’s oldest and most revered studios.

The proposed acquisition is expected to reduce streaming costs for consumers by bundling Netflix and HBO Max. Read more at straitstimes.com. Read more at straitstimes.com.

Warner Bros. Discovery and Netflix have entered exclusive deal talks related to streaming and ownership of the content that possess potential to reshape the media and entertainment industry. As...

(Corrects spelling of acquire in paragraph 1)Dec 4 : Netflix has entered exclusive talks with Warner Bros Discovery to acquire its studio and streaming service, a Bloomberg News reporter said in a post on X.Netflix has emerged as the top bidder for Warner Bros Discovery, Reuters reported on Thursday,