Batman Arkham

Netflix has revealed a $82.7 billion deal to acquire Warner Bros.' Streaming & Studios division, which includes Warner Bros. Games and its prominent studios behind titles like Mortal Kombat and Hogwarts Legacy. The acquisition, announced on December 5, 2025, is expected to close in 12-18 months pending regulatory approvals. This move brings major gaming IPs such as Batman: Arkham and Lego series under Netflix's umbrella amid the streamer's mixed history in gaming.