Netflix is likely to acquire Warner Bros. Discovery (WBD), and WBD’s board is encouraging shareholders to accept the offer and turn down a competing bid from Paramount. Netflix is offering $27.75 per share for WBD, but WBD’s cable companies will be spun off as a separate entity to benefit shareholders. Paramount is offering a higher price of $30 per share, but their offer includes the entire company, including the cable networks. WBD has stated that the deal with Netflix is the better and more reliable option.
In a statement, Netflix co-CEO Ted Sarandos explained that a thorough selection process led to a deal that benefits everyone involved – viewers, content creators, investors, and the entertainment industry as a whole. He noted that Netflix and Warner Bros. are a good fit, and he’s enthusiastic about bringing together Netflix with Warner Bros.’ film division, television studio, and the well-known HBO brand, which will continue to produce high-quality TV shows. Netflix also plans to release Warner Bros. movies in theaters as usual, allowing audiences to experience them on the big screen.
The biggest sticking point in Hollywood right now is Netflix’s potential purchase of Warner Bros. Discovery. Many are skeptical because Netflix has historically avoided releasing movies in theaters before making them available on its streaming platform. However, after confirming Netflix’s offer was accepted, Sarandos stated on December 5th that release windows would likely become more flexible and convenient for viewers. This marks a shift in his previous stance.
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2025-12-17 17:53