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

The streaming world could possibly be about to develop 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 primarily placing up a for-sale signal on the complete firm.

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

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

Reportedly, Paramount was one of many first firms to submit a number of presents for the corporate, however sources aware of the matter advised 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 battle for Warner Bros. Discovery could possibly be about to ignite.

Warner Bros. Discovery has quite a lot of content material beneath its belt

The corporate remains to be planning on splitting in two

Given Warner Bros. Discovery’s in depth content material library, it is no shock that main firms like Netflix, Amazon, and Apple would possibly 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 films like Barbie and the Harry Potter movie sequence.

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, alternatively, would not actually have any blockbuster franchises, but it surely does have a couple of standard Apple TV hits, resembling Severance and The Studio. Nonetheless, by buying Warner Bros. Discovery, any of the three firms, might quickly increase their portfolios by including all the pieces beneath Warner Bros. Discovery’s scope.

Earlier this 12 months, 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 might change shortly.