Netflix's Acquisition of Warner Bros. Discovery: A Groundbreaking Deal in Streaming Industry

Netflix is set to acquire Warner Bros. Discovery, including their catalog of iconic films such as 'Citizen Kane' and 'Inception'.

This acquisition encompasses HBO Max, which recently launched in Germany, further consolidating Netflix's position in the streaming market.

Netflix Co-CEO Ted Sarandos assured that both platforms would operate independently, emphasizing complementary offerings.