Surprise! Netflix Reportedly Preps Bid for Warner Bros. Discovery

Netflix isn’t reserving its twist endings for the films. Following an earnings name the place the corporate typically dismissed the concept of buying legacy media, Netflix is reportedly making ready a bid for Warner Bros. Discovery.Reuters reviews that Netflix is “actively exploring” a bid for WBD, which has not too long ago successfully put a “on the market” signal on its property, noting it has curiosity from “a number of events.” Netflix has reportedly employed Moelis & Co—the financial institution that suggested Skydance Media for its bid on Paramount—to have a look at a suggestion. The streaming big has additionally been given entry to an information room, which comprises the monetary particulars.Within the firm’s current earnings name, Netflix co-CEO Ted Sarandos stated the corporate has “little interest in proudly owning legacy media networks.” Nevertheless, the corporate is regarded as serious about WBD’s IP, which incorporates franchises similar to Harry Potter and Recreation of Thrones. Netflix didn’t instantly reply to a request for remark.Paramount has already made a number of unsuccessful bids for Warner Bros. Discovery.