Netflix explores Warner Bros. Discovery acquisition, setting the stage for an industry-defining deal
In recent days, the U.S. entertainment industry has seen a dramatic development: Netflix is actively exploring a possible acquisition of Warner Bros. Discovery, one of Hollywood’s most historic and influential studios. According to authoritative industry sources such as Variety, Deadline, Reuters, and IMDb, Netflix has retained Moelis & Co., an investment bank, to assess a potential bid and has secured access to Warner Bros. Discovery’s financial data for preliminary due diligence.
Warner Bros. Discovery is currently conducting a strategic review amid unsolicited interest from several major players, including Skydance Media and Comcast. However, Netflix’s move has attracted the most attention, given the significant impact such a deal could have on the entertainment sector. Reports indicate that Netflix is particularly interested in Warner Bros.’ studio and streaming assets like HBO, DC, and Harry Potter, while traditional cable networks such as CNN and TNT are considered less strategic. Netflix leadership has made it clear the company is “not interested in owning legacy media networks” (The Verge, Oct. 31, 2025).
If completed, the acquisition would mark a reshaping of global media power. Netflix, already the world’s streaming leader, could gain control over top franchises including Harry Potter, DC Comics, HBO, and Barbie, cementing its status as the leading digital production and distribution platform. Such a scenario raises important questions about market concentration and its impact on theatrical film releases, as highlighted by analysis from The Wrap and other sources.
While no official statements have been issued by the companies involved and negotiations are still at an early stage, the possibility of this acquisition has sparked widespread debate across the industry.
Sources: Reuters, The Wrap, Variety, The Verge
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In recent days, the U.S. entertainment industry has seen a dramatic development: Netflix is actively exploring a possible acquisition of Warner Bros. Discovery, one of Hollywood’s most historic and influential studios. According to authoritative industry sources such as Variety, Deadline, Reuters, and IMDb, Netflix has retained Moelis & Co., an investment bank, to assess a potential bid and has secured access to Warner Bros. Discovery’s financial data for preliminary due diligence.
Warner Bros. Discovery is currently conducting a strategic review amid unsolicited interest from several major players, including Skydance Media and Comcast. However, Netflix’s move has attracted the most attention, given the significant impact such a deal could have on the entertainment sector. Reports indicate that Netflix is particularly interested in Warner Bros.’ studio and streaming assets like HBO, DC, and Harry Potter, while traditional cable networks such as CNN and TNT are considered less strategic. Netflix leadership has made it clear the company is “not interested in owning legacy media networks” (The Verge, Oct. 31, 2025).
If completed, the acquisition would mark a reshaping of global media power. Netflix, already the world’s streaming leader, could gain control over top franchises including Harry Potter, DC Comics, HBO, and Barbie, cementing its status as the leading digital production and distribution platform. Such a scenario raises important questions about market concentration and its impact on theatrical film releases, as highlighted by analysis from The Wrap and other sources.
While no official statements have been issued by the companies involved and negotiations are still at an early stage, the possibility of this acquisition has sparked widespread debate across the industry.
Sources: Reuters, The Wrap, Variety, The Verge
Share:
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