"Though it wasn't mentioned officially in any press releases announcing the deal last week, a spokesperson for Warner Bros. Discovery's U.S. networks division confirms that TCM will be part of the studios and streaming division of Warner Bros. that Netflix is currently trying to buy. Given that TCM licenses so many movies from the historic WB library, this is probably a good thing, though there are still plenty of uncertainties about what comes next for the beloved channel."
"Netflix will then try to close a purchase of Zaslav's portion of the company, which, in addition to the film and movie studios and HBO, includes smaller divisions such as DC Comics, theme park holdings - and, yes, Turner Classic Movies, we've learned. "TCM will be a part of Warner Bros. (Studios), post the company's planned separation in 2026," a representative from WBD told Vulture Monday evening."
A Warner Bros. Discovery U.S. networks spokesperson confirmed that Turner Classic Movies will be part of the Warner Bros. studios and streaming unit that Netflix is pursuing. Netflix is not acquiring WBD's cable networks; those channels are slated to be spun off into a new Discovery Global Networks unit next summer. The remaining WBD assets — including film and TV studios, HBO, and HBO Max — will continue as Warner Bros., and Netflix plans to try to buy that portion, which also contains DC Comics, theme park holdings, and TCM. Significant uncertainties remain about TCM's programming and future direction under the new ownership.
Read at Vulture
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