Netflix announced the acquisition of Warner Bros. Discovery's studio, film, television, and streaming assets for about $82.7 billion, aiming to close the deal within 12 to 18 months after regulatory approvals.The acquisition includes Warner Bros.' extensive library and licensing agreements for theme parks, with Warner Bros. Games divisions operating as separate units within Netflix.Regulatory scrutiny and political criticism have emerged, with concerns over monopoly risks and cultural influence tied to figures like
Barack Obama and
Michelle Obama.