New York Post·2025-10-30 23:24Core Insights - Netflix is exploring a bid for Warner Bros Discovery's studio and streaming business, having retained Moelis & Co as a financial advisor and gained access to financial information [1][2] Group 1: Acquisition Intent - Netflix has hired Moelis & Co to evaluate a potential offer for Warner Bros Discovery, which includes access to a data room with necessary financial details [2] - Acquiring Warner Bros' studio would provide Netflix with control over major franchises like Harry Potter and DC Comics, as well as popular television productions that contribute to Netflix's content library [3] Group 2: Strategic Considerations - Netflix CEO Ted Sarandos stated that the company typically focuses on building rather than buying, but evaluates acquisitions based on opportunity size and enhancement of entertainment offerings [4] - Sarandos clarified that Netflix is not interested in acquiring Warner Bros Discovery's cable television networks, emphasizing a focus on content rather than legacy media [4][7] Group 3: Warner Bros Discovery's Position - Warner Bros Discovery is evaluating options after receiving unsolicited offers from Paramount Skydance, which may include a potential sale of parts or the entirety of the company [9]