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flag Netflix explores buying Warner Bros Discovery’s studio and streaming units, seeking major franchises and content.

flag Netflix is exploring a potential acquisition of Warner Bros Discovery’s studio and streaming businesses, having hired Moelis & Co. to evaluate the deal and gained access to financial data, according to sources. flag The move could give Netflix control of major franchises like Harry Potter and DC Comics, along with HBO’s prestige content and a growing subscriber base. flag Netflix CEO Ted Sarandos said the company has no interest in acquiring legacy cable networks like CNN, reaffirming its focus on strategic, selective acquisitions to strengthen content offerings. flag Warner Bros Discovery is reviewing various options after receiving unsolicited offers, including from Paramount Global, while Comcast is also assessing media assets. flag The developments reflect broader industry consolidation, with no official comments from either company.

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