"Instead of just making movies on its own, Netflix Inc. ( NASDAQ: NFLX) may buy Warner Bros. Discovery Inc. ( NASDAQ: WBD). Warner Bros. is one of the oldest and most storied studios in the world. Netflix would get streaming services that would add to its subscriber count considerably. Netflix has paid to create its own content for some time. The company said it would spend $18 billion this year on programming. Among the most prominent of these are "Squid Game," "Wednesday," and "Stranger Things.""
"Warner Bros. Discovery has already increased in market cap because of the chances it will be sold. Its market cap is $53 billion. Paramount Skydance Corp. ( NASDAQ: PSKY) has been on the list of possible buyers. However, it is dwarfed in size by Netflix, which has a market cap of $461 billion. HBO Max and Paramount+, Warner Bros. Discovery's streaming services, have a combined subscriber number of 30 million. Netflix's total is over 300 million."
Netflix may buy Warner Bros. Discovery, gaining one of the oldest studios and its streaming services. Netflix spends heavily on original programming, budgeting $18 billion this year for shows like Squid Game, Wednesday, and Stranger Things. Warner Bros. Discovery's market capitalization rose to $53 billion amid sale speculation, while Netflix's market cap stands near $461 billion. HBO Max and Paramount+ together have about 30 million subscribers, complementing Netflix's over 300 million subscribers. Acquiring Warner Bros. Discovery would add a vast movie library and recent hits like F1 and Superman. The deal would further consolidate Netflix's position among streaming competitors, including Alphabet and Disney.
Read at 24/7 Wall St.
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