The announcement of the massive deal comes just a day after Paramount fumed over the ‘unfair’ bidding process.

Netflix alza la sua offerta per Warner Bros Discovery con l'obiettivo di battere la rivale Paramount. (ANSA)

The streaming giant has emerged as the top bidder ahead of rivals Comcast and Paramount Skydance, reports say.

The agreement follows a weeks-long bidding war for the storied company.

Netflix announced it's reached a deal to buy WBD, bringing a swift end to a dramatic bidding process that also involved Paramount Skydance and Comcast.

The announcement of the massive deal comes just a day after Paramount fumed over the ‘unfair’ bidding process.

Netflix beat out smaller bids from Paramount and Comcast.

Netflix is set to purchase legendary Hollywood studio Warner Bros. in a deal worth billions. Here's what it means for your favorite shows and films.

Netflix agreed to buy Warner Bros. Discovery, including HBO, in a deal valued at $82.7 billion after securing financing from a group of banks.

The acquisition, which will face regulatory scrutiny by the Trump administration, gives Netflix access to a vast film catalog and the HBO Max streaming service.

Netflix, which has traditionally limited it theatrical releases, has said it will honor existing WBD cinematic contracts that run through 2029.