Video games did not weigh heavily in Netflix’s decision to acquire Warner Bros. Gregory Peters, co-CEO of the American streaming service, has made a rather surprising statement on the matter.
During a conference to outline the details of the acquisition, Peters stated that the Warner Bros. Games division had no influence whatsoever on the purchase price, which amounted to nearly $83 billion. For Netflix, Warner Bros.’ gaming division is “relatively minor” compared to the rest of the company.
“While they have undoubtedly done a great work in the game space, we actually didn’t attribute any value to that from the get-go because they’re relatively minor compared to the grand scheme of things.”
However, Warner Bros. Games has leading licenses such as Mortal Kombat, Batman, and Hogwarts Legacy. It should be noted, however, that Netflix’s plans could be thwarted by Paramount, which is attempting a hostile takeover bid worth $108 billion.
