Report: Netflix Enters Exclusive Deal Talks With Warner Bros Discovery

Warner Bros. Discovery and Netflix are moving forward with exclusive deal talks.

The Wrap reports, “WBD has selected Netflix after the streaming giant offered $30 a share for the studio and streaming assets, according to two people familiar with the deal talks. The deal also includes a $5 billion break-up fee to match the terms that Paramount added with its bid.”

Paramount and Comcast also made bids to acquire WBD.

No deal has been made official.

The Wrap reports, “Paramount, which was intent on buying all of WBD, could take its own offer to shareholders, although the amount of its third-round bid is unclear. But even if it doesn’t match Netflix’s offer, it could lean on the selling point that it could close a deal faster than the expected longer grind that the streaming giant would undergo.”

Netflix is the home of WWE Raw in the United States and all of WWE programming internationally. AEW media is part of WBD with Dynamite and Collision airing on TBS and TNT, respectively, with a simulcast on HBO Max.

As news of WBD being up for sale was discussed, AEW President Tony Khan stated he wasn’t worried about the future. You can find his full comments here.