Netflix and Skydance Media engaged in a bidding war for Warner Bros. Discovery, while Netflix also reportedly targeted Lionsgate Studios.
5 reports, 2 independent
Updated Sep 21
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New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Netflix and Skydance Media engaged in a bidding war for Warner Bros. Discovery, while Netflix also reportedly targeted Lionsgate Studios.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Paramount Skydance secured the deal against Netflix, bringing CNN into the merger.1 source
- The merger between Warner Bros. Discovery and Skydance Media remains on hold, with its valuation being benchmarked against Netflix's P/E ratio.Sub-event
Netflix has placed a bid for Warner Bros. Discovery.1 source
Netflix's interest in acquiring WBD intensifies as Skydance/Paramount emerges as a tougher competitor.1 source
Netflix and Skydance Media competed to acquire Warner Bros. Discovery.1 source
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The entities involved
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Warner Bros. Discovery
American mass media and entertainment conglomerate
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Netflix
American subscription video on-demand over-the-top streaming service
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Skydance Media
American production company based in Santa Monica, California
Related events
- Paramount sought the acquisition of Warner Bros. Discovery, while Netflix withdrew from the bidding war for the media giant.
- Warner Bros. Discovery is positioning CNN and HBO as iconic brands while facing competitive pressures from Skydance Media.
- Netflix declined a higher bid from rival Paramount concerning the acquisition of Warner Bros. Discovery.
- Netflix is considering buying WBD, which is currently involved in a bid war with Paramount Global, while also being more profitable than Disney.
- Skydance Media is strategically evaluating rival services as an aggregator model, while also pursuing acquisitions and facing setbacks in major bids.