Netflix is going to buy Warner Bros. … and they are dropping an insane amount of cash in a move that most believe will reshape the entertainment industry.

News broke Friday morning that Netflix agreed to purchase Warner Bros Discovery’s TV, film studios and streaming division for $72 billion — in a freaking cash and stock deal!

As you know … WB had a for sale sign out for a few weeks … and a bidding war was underway, which included Paramount Skydance, along with the winner, Netflix.