(Bloomberg/Rob Golum) — Netflix Inc. is actively exploring a bid for Warner Bros. Discovery Inc.’s studio and streaming companies, Reuters reported, citing individuals with information of the matter.
Warner Bros. introduced on Oct. 21 that it’s weighing strategic choices, together with a attainable sale of the corporate, following expressions of curiosity from a number of events. The corporate is the mother or father of the Warner Bros. movie and TV studios, the HBO Max streaming service and a secure of cable TV channels.
On an earnings name earlier this month, Netflix co-Chief Govt Officer Ted Sarandos stated his firm doesn’t want a deal to realize its targets. However the firm seems to be in any respect alternatives and is serious about mental property that makes its service extra interesting to prospects. Administration has no real interest in shopping for cable TV networks and is primarily centered on utilizing its additional money on different initiatives.
Paramount Skydance Corp., the movie and TV firm led by David Ellison, has already made three bids for Warner Bros., Bloomberg has reported, and was rebuffed for being too low.
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