In one of the most groundbreaking deals the streaming world has ever seen, Netflix announced on Friday its acquisition of Warner Bros. with an enterprise value of $82.7 billion.

This agreement involves both HBO Max and the HBO studio, marking one of the largest mergers in Hollywood’s history. By making this move, Netflix is not just solidifying its top position but also significantly enhancing its content library, gaining access to well-known franchises such as DC Comics, “Game of Thrones,” and “Harry Potter.”