Netflix’s Acquisition of Warner Bros. Games Explained

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Netflix Moves Toward Full Ownership of Warner Bros. Games in Historic Deal

Netflix has announced one of the most significant acquisitions in modern entertainment history as the company confirms its intention to take full ownership of all Warner Bros. businesses. This sweeping deal includes the film and television studios, the HBO brand, and a global catalogue of iconic franchises such as the DC Universe, Harry Potter, The Wizard of Oz, and The Big Bang Theory. The agreement is valued at 82.7 billion US dollars and is expected to be finalized after the middle of next year, marking a dramatic shift in the landscape of worldwide entertainment.

From a gaming perspective, Netflix’s growing presence in interactive media makes this acquisition even more impactful. Netflix Games has already begun pushing into the mobile gaming space by adapting major franchises for subscribers. With Warner Bros. Games included in the acquisition, Netflix is positioned to inherit an extensive collection of well known video game properties drawn from the studio’s own film and comic universes. Titles such as the Batman Arkham series, Suicide Squad Kill the Justice League, Hogwarts Legacy, Injustice, and multiple projects inspired by The Lord of the Rings represent a substantial library that could expand Netflix’s gaming ambitions.

Today, Netflix announced our acquisition of Warner Bros. Together, we’ll define the next century of storytelling, creating an extraordinary entertainment offering for audiences everywhere. https://t.co/rXPFMNIs1A pic.twitter.com/0pdsMUEob8
— Netflix (@netflix) December 5, 2025

The acquisition also includes the developers under Warner Bros. Games, such as TT Games and NetherRealm Studios. Their flagship works, including the Mortal Kombat series and a wide selection of LEGO games, would immediately fall under Netflix’s ownership. This raises questions regarding how much influence Netflix will exert over development, updates, monetization models, and cross platform strategy. Some fans are already speculating about potential mobile adaptations or reintroductions of projects like MultiVersus as part of Netflix’s growing ecosystem.

Netflix continues to operate as a global streaming service offering movies, series, and animations through subscription based access. The company expanded into mobile gaming in 2022, providing smartphone titles included with its membership across supported regions in SEA. As Netflix deepens its investment across all branches of entertainment, including the gaming sector, this historic deal highlights the company’s commitment to evolving beyond streaming and becoming an all in one multimedia powerhouse.

THIS IS OUR SAY
The possibility of Netflix owning Warner Bros. Games marks a turning point that could reshape competition in both streaming and gaming. With its massive resources and ambition to unify entertainment under one ecosystem, Netflix has the potential to transform how franchises are produced, distributed, and experienced. This move could elevate cross media storytelling while pushing game developers to rethink traditional boundaries. If executed well, this moment may become one of the defining shifts in the future of global entertainment.