Netflix May Buy Warner Bros

By Douglas A. McIntyre Published Oct 31, 9:10AM EDT

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Netflix Inc. (NASDAQ: NFLX) reportedly is considering acquiring Warner Bros. Discovery Inc. (NASDAQ: WBD).
Netflix would add to its subscriber count and cement its place as the world’s leading streamer.

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Netflix May Buy Warner Bros — © Courtesy of Kids' WB

Instead of just making movies on its own, Netflix Inc. (NASDAQ: NFLX | NFLX Price Prediction) 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. It is impossible to do the math about what the increased number of subscribers would mean to Netflix’s bottom line. However, it would increase its place as the leading streaming company in the world.

The deal would also give it a leg up against a huge new streaming service. Alphabet Inc.’s (NASDAQ: GOOGL) YouTube Premium and Google One have a paid subscriber base of 300 million. Alphabet’s properties are growing rapidly. Disney and YouTube are currently in a distribution dispute.

Warner Bros. has one of the largest libraries of movies in the world. It also has several winners this year, including “F1” and “Superman.”

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.