Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Paramount, Comcast and Netflix Submit Bids for Warner Bros. Discovery
WSJ - Gift LinkParamount, Comcast and Netflix have submitted bids for Warner Bros. Discovery, owner of the storied Warner Bros. movie and television studio and HBO, according to people familiar with the matter.
The bids submitted are nonbinding, and additional rounds are expected, The Wall Street Journal previously reported. Warner Discovery has indicated it would like to have the process concluded by the end of the year.
At the same time, Warner Discovery continues to move forward with plans to separate its assets into two companies: one to house its studios and streaming business, and the other comprising its cable networks.
Of the three bidders, only Paramount is pursuing all of Warner Discovery, including studios and streaming as well as its portfolio of cable networks like CNN, TNT and Food Network, people familiar with the matter said.
NBCUniversal parent Comcast and streamer Netflix are bidding only for the studios, HBO and streaming service HBO Max, the people said.
The bids submitted are nonbinding, and additional rounds are expected, The Wall Street Journal previously reported. Warner Discovery has indicated it would like to have the process concluded by the end of the year.
At the same time, Warner Discovery continues to move forward with plans to separate its assets into two companies: one to house its studios and streaming business, and the other comprising its cable networks.
Of the three bidders, only Paramount is pursuing all of Warner Discovery, including studios and streaming as well as its portfolio of cable networks like CNN, TNT and Food Network, people familiar with the matter said.
NBCUniversal parent Comcast and streamer Netflix are bidding only for the studios, HBO and streaming service HBO Max, the people said.