Just weeks after saying they weren’t interested in buying major entertainment companies, Netflix is now reportedly considering a purchase of Warner Bros Discovery. This potential deal could be the most significant change in Hollywood since Disney bought Fox. Reuters reports that Netflix has brought in financial advisors and is examining Warner Bros Discovery’s finances to see if a takeover is possible, including its streaming services.
This news arrives shortly after Netflix leaders stated they had no plans to buy traditional media companies, making the potential acquisition of Warner Bros. Discovery a shocking turn of events in the entertainment world.
What We Know So Far About a Netflix WB Sale
Reuters reports that Netflix has:
- Retained Moelis & Co. — the same bank that helped Skydance pursue Paramount
- Received access to Warner Bros Discovery financial information
- Begun evaluating a formal bid
According to Reuters, the current focus is on selling off parts of Warner Bros., specifically its film and streaming businesses. This includes potential sales of HBO, Warner Bros. Pictures, and HBO Max. However, older cable channels like CNN and TNT are probably not included in these plans.
Warner Bros Discovery is considering options like dividing its business or selling parts or all of itself, following unexpected offers from Paramount and Skydance.
Netflix Said This Wouldn’t Happen — Until It Did
It’s notable timing, considering Netflix Co-CEO Ted Sarandos recently stated the company had no plans to buy established media companies.
In a recent statement to investors, Netflix co-CEO Ted Sarandos reaffirmed the company’s stance against acquiring traditional television networks, saying their position hasn’t changed.
Just a few weeks ago, Netflix’s other co-CEO, Greg Peters, also said the company wasn’t interested in acquiring Warner Bros., stating they prefer to build things themselves rather than buy existing companies.
And yet here we are — A Netflix WB sale suddenly isn’t hypothetical or ridiculous anymore.
This highlights how what company leaders say publicly doesn’t always match what’s actually happening strategically behind the scenes.
What a Netflix WB Deal Would Mean
If Netflix buys Warner Bros Discovery’s studio and streaming divisions, it inherits:
- Harry Potter
- DC characters
- HBO shows like The Sopranos and Game of Thrones
- One of the most prolific TV studios in the world
- A treasure chest of IP, archives, and global franchises
In one move, Netflix would instantly become:
- A direct rival to Disney in theatrical franchise strength (though whether Netflix would pursue a theatrical strategy is anyone’s guess)
- The largest Hollywood content machine by volume and cultural reach
- The only traditional streaming platform with both tech-first DNA and legacy cinematic IP power
And yes — Netflix would own Superman, Batman, Wonder Woman, and the Wizarding World.
If you heard a faint scream on the West Coast, it might’ve come from Disney headquarters.
Why Warner Bros Discovery Might Finally Break Apart
Warner Bros. Discovery is facing financial challenges with a lot of debt and changes happening quickly in the streaming industry. As companies like Paramount and Skydance try to join forces, and Comcast looks to buy media companies, Warner Bros. is finding itself in the middle of intense competition.
According to a recent report from Reuters, Comcast executives don’t seem concerned about potential regulatory hurdles, suggesting that many industry leaders now think government approval won’t necessarily prevent the deal from happening – a shift from previous expectations.
In other words: all of Hollywood is officially up for grabs.
The Real Story: Streaming Is Consolidating, and Fast
Experts have long expected traditional movie and TV studios and streaming services to eventually come together. We first saw this with tech companies like Amazon acquiring media companies (such as MGM). Now, we’re seeing streaming services buying up established studios and distributors.
Netflix, which was once dismissed for simply mailing DVDs, could soon be buying Warner Bros., a legendary American film studio.
Blockbuster could never…
Final Take
This is the clearest sign yet that Hollywood as we knew it is ending.
Industry experts expected media companies to merge, but no one thought Netflix would end up buying Warner Bros., particularly since Netflix had previously stated they weren’t interested in doing so.
If this agreement goes through, the partnership between Netflix and Warner Bros. Discovery will have a huge impact, potentially changing how we watch content, experience movie franchises, and shifting the balance of power in the entertainment industry worldwide.
Stay tuned. The Hollywood shake-up era continues.
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2025-10-31 14:58