Netflix (NFLX) has announced plans to acquire Warner Bros. Discovery (WBD) for an enterprise value of about $82.7 billion, adding the Warner Bros. film and television studios, HBO, and HBO Max to its portfolio.

Now that a sale has been announced, with Netflix striking an $83 billion deal for the Warner Bros. studio and its sibling streaming service, HBO Max, a different emotion is washing through the enterta...

“Together, we can give audiences more of what they love and help define the next century of storytelling,” said Ted Sarandos, co-CEO of Netflix, which has produced global hits including Stranger Thing...