Netflix isn’t reserving its twist endings for the movies.
Following an earnings call where the company generally dismissed the idea of acquiring legacy media, Netflix is reportedly preparing a bid for Warner Bros. Discovery.
Reuters reports that Netflix is “actively exploring” a bid for WBD, which has recently effectively put a “for sale” sign on its assets, noting it has interest from “multiple parties.” Netflix has reportedly hired Moelis & Co—the bank that advised Skydance Media for its bid on Paramount—to look at an offer. The streaming giant has also been given access to a data room, which contains the financial details.
In the company’s recent earnings call, Netflix co-CEO Ted Sarandos said the company has “no interest in owning legacy media networks.” However, the company is thought to be interested in WBD’s IP, which includes franchises such as Harry Potter and Game of Thrones.
Netflix did not immediately reply to a request for comment.
Paramount has already made multiple unsuccessful bids for Warner Bros. Discovery.
