Warner Bros. Discovery put itself up on the market again in October and now Netflix has positioned the successful bid, setting the stage for unique talks for the streamer to amass the leisure firm.

Deadline is reporting that Netflix supplied $28 per share whereas TheWrap is reporting that the streamer supplied $30 per share.

Paramount and Comcast have been additionally each within the operating to amass WBD, however the firm has chosen Netflix to maneuver ahead with negotiating a ultimate deal.

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CNN experiences that whereas Paramount wished every bit of the WBD enterprise, Netflix is barely within the movie studio and streaming property.

So, what’s going to this imply for Warner Bros. films and HBO Max streaming exhibits?

Netflix has reportedly agreed to proceed releasing all upcoming WB films in theaters as deliberate to honor agreements made with filmmakers and actors. It’s unclear if the streamer would proceed making theatrical films underneath the WB identify after that although.

Whereas Netflix will change into the brand new proprietor of HBO Max, it’s additionally unclear if the companies can be mixed or stay separate.

If Netflix does cut up up the WBD enterprise, the Discovery International half will proceed ahead with CNN and different cable channels.

Take a look at all of the exhibits canceled by Netflix in 2025.