Warner Bros. Discovery, the owner of HBO, CNN, and other cable networks, said on Tuesday that it is putting itself up for sale.
In a press release, the company announced a “review of potential alternatives,” Wall Street speak for a sale. WBD said it had recently received “unsolicited interest” from “multiple parties for both the entire company and Warner Bros.”
The company said that while it shops itself around, it will continue to work on the previously announced split of its cable networks from its streaming and studio business.
Any deal for part of all of the company would be a sizable one. As of Monday’s close of trading, Warner Bros. Discovery had a market value of more than $45 billion. It also carries billions of dollars of debt on its balance sheet.
In September, Paramount Global was preparing a bid for all of WBD, however it appeared to stall in recent weeks.
This is a developing story. Please check back for updates.
fuck it rogers should buy them they already have licencing deals with wb anyway. rogers buys warner brothers, tony khan moves the jaguars to winnipeg and joins the cfl, aew reincorporates in toronto, tony khan buys naming rights to rogers centre and renames it the skydome, canada reigns supreme.
I’m confident AEW will be fine.
But nobody better fuck up Batman.
No one can fuck up Batman more than DC as it is lmao
Realistically already existing mega media companies are likely to want it, NBC Universal (Comcast) and Paramount have allegedly both made their offers already, then there’s ABC Disney who I just speculate might make a bid. FOX maybe, but I think there’s a reason News Corp sold 99% of their channels to Disney and kept only the broadcast channel, sports channel and the news channels. All of those companies though are TKO partners which is worrisome, to me.
Of course, something out of left field could happen, maybe some studio or company like Amazon wants into a dying medium because as much as we hate it, advertising dollars still keep programs on the air and those dollars are heavily weighted towards TV over streaming.
Keep in mind, splitting the company is still on the table. Someone like Amazon could swoop in and just buy the Warner Bros. half to get the catalog and HBO Max, and just leave the Discovery half to rot.
I wouldn’t say no to Amazon, they suck but they aren’t the other media conglomerates. Only thing about them that bothers me is their Prime Video app is atrocious, Max is way better, and I’d be concerned it would get “Primed.”
I don’t know, Max has been really rough for live events.
Well, maybe they could compromise and take the interface of Max and the smoothness of events on Prime, they did NASCAR and TNF mostly without flaw.
