Warner Bros. Acquisitions are the last point of contact to meet sales potential.
The company, which owns HBO, Warner Bros. Studio, and several cable channels, announced Tuesday that it is reviewing various offers to sell the company.
It said it would consider the bids as it moves forward with previously announced plans to separate its broadcast and studio business from heavy cable channels.
“It’s no surprise that a significant number of our portfolios are gaining more acceptance in the market,” said David Zaslav, president and CEO of Warner Bros. Discovery, in a press release. “After receiving interest from multiple parties, we have begun a comprehensive review of strategic alternatives to identify the best way forward to unlock the full value of our assets.”
All options appear to be on the table, including a sale of the entire company or separate deals for its broadcast/studio division and its channel business.
The move could reawaken Hollywood and continue the trend of media consolidation into a handful of hands. That same year, the most important worldwide, the parent company of CBS, MTV, and Paramount Studios, completed its merger with Skydance media. And it wasn’t that long ago, in 2019, that Disney acquired its longtime rival, 20th Century Fox.
It was only in 2022 that Weryermeria was combined with acquisitions to become Warner Bros. Adoption. That deal was pitched as a way for the two to compete more against conglomerates like Disney and Comcast, as well as pioneered net broadcasting. But it looks like things didn’t go as planned at first. This June, the company announced that it was splitting into two, with its streaming service and studios becoming Warner Bros. And most of its cable channels have global coverage.
The company’s streaming service has also seen a renaissance, most recently on HBE Max. The company also announced today that it is increasing the price of the service.
So, who’s interested?
The Wall Street Journal It was reported today that Warner Bros. If the two companies ever reached a deal, it would put a lot of power in the hands of CEO David Ellison, son of Oracle CEO Larry Ellison.
As head of Paramount, Ellison runs CBS News, where he recently appointed Bariiss of the Free Press Weiss as Editor-in-Chief. Under the WBD deal, Ellison would also gain control over the Cable News Network CNN.
Comcast is said to be interested as well, though only recently to begin the process of divesting its cable channel business, according to the report The New York Times.
At this point, it doesn’t appear that Netflix is seriously considering a bid. Netflix CO-CEO GREG PETER recently shut down rumors that the streaming giant wants to acquire Warner Bros.
“We’re coming from deeper layers of being creators rather than consumers,” Peters said earlier this month at the Bloomberg Screentime conference in Los Angeles, Deadline said. “One has to have a fair amount of skepticism around big media mergers. They don’t have an amazing track record over time.”
