Warner Bros. may very well be the following huge prize for Netflix, Amazon, and Apple

The streaming world may very well be about to turn out to be 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 whole firm.

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

In response to Bloomberg, Netflix, Amazon, and Apple have all expressed curiosity in buying Warner Bros. Discovery, both solely or partially, akin to solely its movie and TV library and manufacturing belongings.

Reportedly, Paramount was one of many first corporations to submit a number of affords for the corporate, however sources conversant in the matter informed 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 info. All this makes it appear as if a bidding struggle for Warner Bros. Discovery may very well be about to ignite.

Warner Bros. Discovery has a variety of content material underneath its belt

The corporate continues to be planning on splitting in two

Given Warner Bros. Discovery’s in depth content material library, it is no shock that main corporations like Netflix, Amazon, and Apple may compete for it. Warner Bros. Discovery owns quite a few film and TV manufacturers, akin to HBO, DC Studios, and CNN, together with its flagship movie studio, Warner Bros., which has produced motion pictures like Barbie and the Harry Potter movie collection.

Netflix already hosts a number of main franchises, akin to Stranger Issues and The Witcher, and Amazon has acquired MGM, which incorporates traditional franchises like James Bond and Rocky. Apple, then again, would not actually have any blockbuster franchises, however it does have a number of well-liked Apple TV hits, akin to Severance and The Studio. Nevertheless, by buying Warner Bros. Discovery, any of the three corporations, may quickly increase their portfolios by including every part underneath Warner Bros. Discovery’s scope.

Earlier this yr, 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, akin to 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 rapidly.