Acquisitions and mergers have become the norm in the entertainment industry in recent years. After Skydance Media acquired Paramount earlier this year, Netflix announced it reached a deal to acquire Warner Bros. Discovery, which owns HBO and HBO Max, in December 2025. So, does this mean HBO Max subscribers should expect an increase in prices soon?
Below, News47.us unpacks how the Warner Bros.-Netflix deal could impact HBO Max subscribers.
Yes, Netflix announced its deal with Warner Bros. to acquire the latter in a December 5, 2025, news release. Netflix’s Co-CEO, Greg Peters, said 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 added. “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 noted, “Together, we can give audiences more of what they love and help define the next century of storytelling.”
Warner Bros. Discovery currently owns HBO and HBO Max. After Netflix officially acquires Warner Bros., it will own HBO and HBO Max.
