Netflix Eyes Warner Bros Discovery Acquisition: A Streaming Game-Changer

Netflix is actively exploring the acquisition of Warner Bros Discovery's studio and streaming segments. The streaming giant has engaged investment bank Moelis & Co to assess the potential bid, as confirmed by three reliable sources.

Warner Bros' assets would provide Netflix control over iconic Hollywood properties such as Harry Potter and DC Comics, enhancing its entertainment slate. This move is in line with Netflix's strategy to strengthen its offerings, while not pursuing Warner's traditional cable network business.

Netflix's CEO Ted Sarandos emphasized the company's focus on selective acquisitions based on strategic value and opportunity size. The potential deal highlights the ongoing reshuffling in the media landscape, as companies like Warner Bros and Comcast evaluate their next moves in a dynamically evolving industry.