Reported about 22 hours ago
Netflix is exploring a potential acquisition of Warner Bros Discovery's studio and streaming business, hiring Moelis & Co as a financial advisor and gaining access to necessary financial information. This move could place iconic franchises like Harry Potter and DC Comics under Netflix's control, enhancing its entertainment offerings. While Netflix CEO Ted Sarandos mentioned that they are not interested in acquiring legacy cable networks, the company is evaluating the opportunity as Warner Bros Discovery considers its options following recent acquisition offers.
Source: YAHOO