Archive · 31 Oct 2025
Netflix Explores Bid for Warner Bros. Discovery Assets Amid Industry Consolidation
Netflix, a big streaming company, is thinking about buying parts of another company called Warner Bros.
Discovery.
This means Netflix might get to own popular things like Harry Potter and DC Comics movies and shows from HBO.
Netflix hired a special money advisor, Moelis & Co., to help them figure out if it's a good idea.
Other big companies like Apple and Amazon are also interested in buying Warner Bros.
Discovery.
Warner Bros.
Discovery's boss said they're not selling unless the offer is much higher than what's been proposed so far.
If they don't sell, Warner Bros.
Discovery might split their movie and TV show business from their older cable channels.
This is happening because many media companies are trying to get bigger to do better in the changing world of streaming.
Netflix is reportedly exploring a bid for Warner Bros. Discovery's studio and streaming assets.
Netflix has hired financial advisor Moelis & Co. to evaluate a potential offer.
Moelis & Co. previously advised Skydance Media on its bid for Paramount Global.
Netflix has been granted access to Warner Bros. Discovery's data room for financial details.
Warner Bros. Discovery's board rejected current offers from Paramount Skydance but is open to higher bids.
Other major players like Apple, Amazon, and Comcast have also expressed interest in Warner Bros. Discovery's assets.
Consolidation pressures and economic factors are driving interest in media industry takeovers.
- Who
- Netflix, Warner Bros. Discovery, Moelis & Co., Paramount Skydance, Apple, Amazon, Comcast
- What
- Netflix is reportedly evaluating a bid for Warner Bros. Discovery's studio and streaming assets, joining a landscape of interested suitors amid media industry consolidation pressures. Warner Bros. Discovery's board has rejected current offers but is open to higher bids, while also considering a strategic split.
- When
- Currently exploring; Warner Bros. Discovery reviewed strategic options last week.
- Where
- Primarily concerning the business operations and assets of Warner Bros. Discovery.
- Why
- Consolidation pressures, streaming economics, and slowing subscriber growth are pushing media companies toward scale and synergy. A deal could give Netflix control over valuable franchises and content.
Netflix CEO Ted Sarandos (Past Statement)
Netflix Current Actions
Acquisition Strategy
Netflix CEO Ted Sarandos (Past Statement)
Netflix traditionally prefers to build its own content and capabilities rather than acquire other companies for them.
Netflix Current Actions
Netflix is actively exploring a potential bid for Warner Bros. Discovery's studio and streaming assets and has hired an advisor to evaluate the offer.
- Company Exploring Bid
- Netflix
- Target Assets
- Warner Bros. Discovery's studio and streaming business
- Financial Advisor Hired by Netflix
- Moelis & Co.
- Moelis & Co. Previous Advisory Role
- Advised Skydance Media on its bid for Paramount Global
- Data Room Access Granted
- Yes, to Netflix for Warner Bros. Discovery's financial data
- Warner Bros. Discovery CEO
- David Zaslav
- Other Interested Parties
- Paramount Skydance, Apple, Amazon, Comcast
Sources
Ken Ziffren Digs Into Warner Bros Discovery’s “Pending Acquisition,” Next Year’s Guild Negotiations & Why Nielsen Should Be Investigated
Netflix Exploring Warner Bros Bid, Taps Investment Bank That Handled Paramount-Skydance
Netflix Taps Bank to Explore Bid for Warner Bros. Discovery