Netflix will buy Warner Bros' studio and streaming businesses for $72 billion

A visitor walks past portraits of DC Comics superheroes as she enters the "Action and Magic Made Here" interactive experience at the Warner Bros. Studio Tour Hollywood media preview on June 24, 2021, in Burbank, Calif.

The merger, announced Friday, would bring two of the industry's biggest players in film and TV under one roof. Beyond its television and motion picture division, Warner owns HBO Max and DC Studios.

(Image credit: Chris Pizzello)