Games Weren’t A Big Part Of Netflix’s Attempted WB Takeover

by

Netflix recently offered $82 million to buy Warner Bros. Studios, a major player in the film and television industry. Warner Bros. also owns popular video game franchises like Batman, Harry Potter, and Mortal Kombat. However, a Netflix leader has stated that the studio’s gaming business didn’t heavily influence their decision to make the offer.

During a recent Netflix discussion about a possible purchase of Warner Bros., co-CEO Gregory K. Peters mentioned interest in using Warner Bros.’ video game franchises. However, he clarified that these games aren’t a primary focus right now, and Netflix might revisit the terms of the deal and its financial assessment later on.

Although they’ve been creating impressive games, we initially didn’t factor that into our evaluation because it seemed small in the bigger picture, according to Peters. Now, we’re very excited because some of their games – like Hogwarts Legacy – are exceptionally well-made, and we believe we can integrate that quality into our offerings. They have talented studios and people, presenting a real opportunity. However, to be clear, we haven’t yet included this potential in the financial terms of our agreement.

Netflix had ambitious plans for gaming, but scaled back significantly after canceling a major multiplayer game and closing its development studio. They also closed Boss Fight, the team responsible for the mobile game based on Squid Game.

The agreement between Netflix and Warner Bros. is facing hurdles and may not happen. Regulators could block it, and a competing offer from Paramount has driven up the price of Warner Bros. to over $100 billion, making the deal even more complicated.

Read More

2025-12-10 01:39