Warner Bros. could possibly be the following large prize for Netflix, Amazon, and Apple

The streaming world could possibly be about to turn into much more consolidated than it already is. Earlier this week, Warner Bros. Discovery introduced a price hike for its streaming service HBO Max, and on the identical day, it additionally introduced it was basically placing up a for-sale signal on your entire firm.

Now, three main tech firms have reportedly expressed curiosity in buying Warner Bros. Discovery, and the potential patrons trying to fork out billions of {dollars} most likely will not come as a shock to you.

In keeping with Bloomberg, Netflix, Amazon, and Apple have all expressed curiosity in buying Warner Bros. Discovery, both fully or partially, resembling solely its movie and TV library and manufacturing belongings.

Reportedly, Paramount was one of many first firms to submit a number of gives for the corporate, however sources acquainted with the matter instructed Bloomberg that every one of them have been rejected for being too low. Given the extent of curiosity Warner Bros. Discovery is drawing, the corporate is reportedly making ready nondisclosure agreements for potential patrons to signal this week earlier than sharing any confidential monetary data. All this makes it appear as if a bidding struggle for Warner Bros. Discovery could possibly be about to ignite.

Warner Bros. Discovery has loads of content material beneath its belt

The corporate remains to be planning on splitting in two

Given Warner Bros. Discovery’s intensive content material library, it is no shock that main firms like Netflix, Amazon, and Apple may compete for it. Warner Bros. Discovery owns quite a few film and TV manufacturers, resembling HBO, DC Studios, and CNN, together with its flagship movie studio, Warner Bros., which has produced motion pictures like Barbie and the Harry Potter movie collection.

Netflix already hosts a number of main franchises, resembling Stranger Issues and The Witcher, and Amazon has acquired MGM, which incorporates basic franchises like James Bond and Rocky. Apple, however, does not actually have any blockbuster franchises, however it does have just a few common Apple TV hits, resembling Severance and The Studio. Nonetheless, by buying Warner Bros. Discovery, any of the three firms, might quickly develop their portfolios by including every thing beneath Warner Bros. Discovery’s scope.

Earlier this yr, Warner Bros. Discovery introduced plans to split into two companies: one for its streaming and film enterprise, and one other for its cable TV manufacturers, resembling CNN, TNT, and Discovery. For now, these plans are nonetheless in movement. But when an settlement is reached with a possible purchaser, that would change rapidly.