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Major tech giants are circling one of Hollywood’s most iconic studios. Netflix, Amazon, and Apple are reportedly interested in buying Warner Bros. Discovery, either in its entirety or by picking off valuable parts like content libraries and production assets, according to Bloomberg.
Warner Bros. Discovery, home to HBO, DC Studios, and CNN, recently confirmed it’s reviewing “strategic alternatives to maximize shareholder value.” This follows a surge of unsolicited offers from multiple companies — including Netflix, Amazon, Apple, Paramount, and Comcast — eager to expand their media empires through one of entertainment’s biggest names.
Sources indicate Warner Bros. Discovery has started drafting nondisclosure agreements to share financial details with potential suitors. The move signals serious discussions are underway, though no final decisions have been made.
According to the report, the company has already rejected preliminary offers from Paramount Global, suggesting Warner Bros. may be holding out for a higher valuation or a strategic fit that aligns with its long-term goals.
Each of these tech giants has a strong motive for eyeing Warner Bros. Discovery.
For Netflix, acquiring Warner Bros. could secure a wealth of premium franchises like Harry Potter and DC Universe properties, helping it maintain a content edge as streaming competition intensifies.
Amazon might leverage Warner Bros.’ production muscle to bolster Prime Video and MGM, while Apple could use the acquisition to give Apple TV+ a much-needed boost in blockbuster content and established IPs.
The potential sale underscores how blurred the lines between Silicon Valley and Hollywood have become. With AI-driven production tools and streaming dominating consumer attention, tech companies see owning content libraries as a strategic power play.
Analysts say if Netflix, Amazon, and Apple succeed in buying Warner Bros., it would mark one of the largest entertainment acquisitions in modern history — reshaping the global streaming hierarchy overnight.
Warner Bros. Discovery’s “strategic review” is still in early stages, and regulatory hurdles would likely complicate any potential deal. Still, industry insiders believe a sale or partnership announcement could surface by mid-2026 if negotiations progress.
For now, Netflix, Amazon, and Apple’s reported interest in buying Warner Bros. has already fueled investor speculation and reignited debates about media consolidation in the streaming era.
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