Netflix Is Buying Warner Bros. in $83B Deal. Here’s What It Means for You

Netflix took its next step towards becoming one of the most dominant forces in the global entertainment industry on Friday by announcing its acquisition of Warner Bros. The $82.7 billion deal will see the streaming giant acquire the film and streaming business of Warner Bros. Discovery after the latter business split in two earlier this year.

By acquiring the Warner Bros., Netflix not only will boost its own catalog of shows and films — which already includes big hitters such as Stranger Things,…