Netflix buys Warner Bros. for $82.7B
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Netflix and Paramount's battle over Warner Bros. Discovery looms over Hollywood's awards season
For a company at the center of a chaotic battle over the future of Hollywood, Warner Bros.
Should Paramount succeed in acquiring Warner Bros, the combined studio will release more than 30 theatrical titles a year. This was Paramount CEO David Ellison’s promise during a phone presser following news of the conglom’s hostile takeover bid for Warner Bros Discovery.
In fact, Netflix co-CEO Gregory Peters said during an investor call (originally reported by PocketGamer.biz) that, sure, Warner Bros. had done some "great work in the game space," but "we actually didn't attribute any value to that from the get-go because they're relatively minor compared to the grand scheme of things."
Warner Bros. Discovery scored 16 nominations at the Golden Globes, a sign of its relevance and why Netflix and others are so keen to buy it.