Yet another rumor suggests that Netflix is interested in buying Warner Bros. Discovery’s studio and streaming businesses. On Friday, Reuters reported that Netflix is “actively exploring” a bid for the company and has hired a bank to look into a potential offer.
Sources tell Reuters that Netflix now has access to Warner Bros. Discovery’s “data room,” which the outlet says “contains the financial details needed to make a bid.” Last week, Bloomberg reported that Netflix, Amazon, and Apple are all considering purchasing parts or all of the company. Comcast co-CEO Mike Cavanagh has also left the door open to a potential deal.
When asked about Warner Bros. Discovery’s move to put itself up for sale, Netflix co-CEO Ted Sarandos said during an earnings call last week that the streaming giant has “historically” been “more builders than buyers.” However, Sarandos added that Netflix still evaluates mergers and acquisition opportunities to see whether they would add value to the business.
“In general, we believe that we can be and we will be choosy,” Sarandos said. “We have a great business. We’re predominantly focused on growing organically, investing aggressively and responsibly into the growth.” Sarandos added that Netflix has “no interest in owning legacy media networks.” Warner Bros. Discovery owns legacy channels like CNN, TNT, and HGTV.
This is an interesting development in the streaming industry! It will be fascinating to see how potential acquisitions could reshape the landscape. Looking forward to more updates on this situation.
Absolutely, it is intriguing! If Netflix does acquire Warner Bros. Discovery, it could significantly expand their content library and potentially lead to some exciting collaborations in storytelling. The competition among streaming platforms is definitely heating up!
change the landscape of streaming. It would be interesting to see how their combined content libraries might attract more viewers and influence future original programming strategies. The potential for collaboration on new projects could also lead to some exciting offerings!
You’re right, merging their content libraries could definitely shake things up in the streaming world. It might also lead to some unique collaborations and new original content that could attract more subscribers. The potential for crossovers between popular franchises could be really exciting!