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flag Netflix’s revised offer to buy WBD excludes AEW, keeping its rights with WBD through 2027, possibly 2028.

flag A new SEC filing reveals Netflix’s revised all-cash offer to acquire Warner Bros. flag Discovery does not include All Elite Wrestling, meaning AEW’s media rights will remain with WBD through at least 2027, with a possible extension to 2028. flag AEW programming will continue on HBO Max, and after the contract ends, it may move to the Turner Sports app or remain available on both Turner Sports and HBO Max. flag WBD’s minority stake in AEW, under 10%, will transfer to its Global Linear Networks division. flag Though Netflix may gain UFC rights in Europe, a suspected noncompete clause in WWE’s Netflix deal could prevent other wrestling content from joining the platform, leaving AEW’s future on Netflix uncertain.

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