Netflix is weighing a bid for Warner Bros. Discovery’s studio and streaming business, joining Paramount Skydance and other potential suitors in what seems to be a significant takeover battle in recent years, according to Reuters. As per media reports, the move comes as consolidation pressures mount across the global media industry, where streaming economics and slowing subscriber growth are pushing studios toward scale and synergy.

According to people familiar with the matter, Netflix has hired Moelis & Co., the investment bank that advised Skydance Media on its successful Paramount Global deal, to evaluate a prospective offer. The streaming platform has also secured access to Warner Bros. Discovery’s financial data room, reports said.

Entertainment assets

A deal would give Netflix cont

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