Netflix Stock Slides as $72 Billion Warner Bros. Deal, Harry Potter Rights and Insider Sales Collide With ‘Undervalued’ Narrative
Netflix is simultaneously pulling off the biggest deal in its history, buying one of Hollywood’s crown jewels, while watching its own stock sag to multi‑month lows. On 5 December 2025, investors are trying to reconcile three competing realities: a transformative $72 billion acquisition of Warner Bros. Discovery’s studios and streaming business, mounting antitrust and political risk, and fresh insider selling by co‑founder Reed Hastings — all against a backdrop of analysts still calling Netflix (NFLX) fundamentally undervalued. Reuters+2The Economic Times+2 Below is a deep dive into where Netflix stands today — and what the Warner Bros. megadeal and “Harry Potter