Netflix announced its forthcoming acquisition of Warner Bros. Discovery on December 5, 2025. The move prompted HBO and HBO Max users to wonder if this would affect their subscriptions in the long run.
According to Netflix’s Co-CEO, Greg Peters, the Warner Bros. purchase “will improve [Netflix’s] offering and accelerate our business for decades to come.”
“Warner Bros. has helped define entertainment for more than a century and continues to do so with phenomenal creative executives and production capabilities,” Peters continued. “With our global reach and proven business model, we can introduce a broader audience to the worlds they create—giving our members more options, attracting more fans to our best-in-class streaming service, strengthening the entire entertainment industry and creating more value for shareholders.”
Netflix Co-CEO Ted Sarandos added, “Together, we can give audiences more of what they love and help define the next century of storytelling.”
Find out who owns HBO now and what this means for subscribers.
Warner Bros. Discovery is the parent company of HBO and HBO Max. Warner Bros. owns Home Box Office.
