THR Staff/Getty Images Share on Facebook Share on X Google Preferred Share to Flipboard Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Send an Email Print the Article Post a Comment Netflix and Warner Bros. Discovery's blockbuster deal announcement early Friday sent a shock wave through the industry. The streamer outbid Paramount and Comcast for Warner Bros. studios and HBO/HBO Max in a deal valued at $82.7 billion, nearly double the price tag of the Warner Bros. Discovery merger less than four years ago.