Warner Bros. Discovery (WBD) has received preliminary buyout bids from Paramount (PSKY), Comcast (CMCSA), and Netflix (NFLX), according to a report by Reuters, citing a source.
Paramount is expected to bid for all of WBD, including its cable television networks. The potential combination would enhance Paramount’s presence in movie theaters, giving it a 32% share of the North American theatrical market, according to Comscore, and strengthen its streaming service by combining HBO Max with Paramount+.
NBCUniversal’s corporate parent, Comcast, is interested in Warner Bros.’ film and television studios and HBO.
Netflix is also courting Warner Bros’ studio and streaming businesses, aiming to gain access to Warner Bros’ extensive film library and established entertainment franchises.
