Media Giants Prepare Bids for Warner Bros. Discovery Ahead of Deadline
Paramount Skydance, Comcast, and Netflix are positioning themselves as key contenders in the acquisition battle for Warner Bros. Discovery. The Wall Street Journal reports first-round bids are due by November 20, with a deal expected to close by year-end. Warner Discovery's planned split into studio/streaming and cable divisions has intensified strategic interest.
David Ellison's Paramount Skydance aims for a comprehensive takeover, including legacy TV assets and news operations. In contrast, Comcast and Netflix are narrowly targeting HBO Max and studio assets—a MOVE reflecting streaming's dominance over traditional cable. The race highlights media's accelerating pivot to digital distribution.