Netflix is paying $27.75/share to Warner Bros. Discovery for its film studios, including Warner Bros., as well as HBO and HBO Max. Netflix's accepted offer values the WBD equity at $72 billion, or about $82.7 billion, including debt.

The massive deal could mean higher subscription prices, fewer buyers for producers and maybe another merger down the road.

Netflix is not really considering the worth of WB Games in its offer to buy Warner Bros, which leaves the state of its games in flux. Hogwarts Legacy among them.

It’s going to be another busy week for new Netflix arrivals, with perhaps Netflix’s biggest movie of the year dropping at the tail end of the week and plenty else to look forward to in the interim. Below, we’ll take a deep dive into the current list of what’s scheduled to drop on Netflix in the US from December 8th through to Sunday, December 14th.