Image Credit: SOPA Images/LightRocket via Gett Netflix announced its forthcoming acquisition of Warner Bros. Discovery on December 5, 2025. The move prompted HBO and HBO Max users to wonder if this would affect their subscriptions in the long run. According to Netflix's Co-CEO, Greg Peters, the Warner Bros. purchase "will improve [Netflix's] offering and accelerate our business for decades to come." "Warner Bros. has helped define entertainment for more than a century and continues to do so with phenomenal creative executives and production capabilities," Peters continued.