How the Netflix-Warner Bros. Deal Changes Hollywood Netflix Inc. has agreed to purchase the streaming and studio assets of Warner Bros. Discovery Inc. in a $72 billion deal that’s likely to impact the entertainment industry for decades. Related Posts:Five Things We’re Getting Wrong About Warner Bros.′…The Inside Story of How Netflix Won the Warner Bros. AuctionWarner Bros. to Begin Sharing Financial Data With BiddersWho Hollywood Thinks Will Buy Warner Bros.WBD Deal May Reshape American Media: Alpha's Wolfe PereiraNetflix’s Sarandos Wooed Trump in Person Ahead of Warner BidSee also Warner Bros. Acquisition Puts Netflix in Regulators’ Crosshairs