Photo: Fernando Gutierrez-Juarez / dpa Picture-Alliance via AFP
Streaming giant Netflix says it will buy film and television studio Warner Bros Discovery for nearly $83 billion (NZ$144b), the entertainment industry's biggest consolidation deal this decade.
The acquisition gives Netflix access to a vast film catalogue as well as the prestigious streaming service HBO Max.
Over the decades, Warner Brothers has produced film classics including "Casablanca" and "Citizen Kane", as well as more recent blockbuster shows including "The
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