Netflix started as a simple DVD-by-mail service and grew into a streaming powerhouse that dominates homes around the world. It changed the way people watch, making binge-watching and on-demand viewing the norm. The company pushed into original programming, learned what viewers love, and adapted quickly to new trends. And now, after mastering technology and storytelling together, Netflix is reportedly eyeing another big move.

From streaming to global dominance, the giant eyes a bold leap, a bid to acquire Warner Bros. Favorite shows and superheroes could soon all live under one roof.

Fresh off gaining control of Paramount, David Ellison is reportedly eyeing Warner Bros. Discovery, home to HBO, CNN, and Warner Bros. Pictures. According to the Wall Street Journal, sources say a cash-heavy bid could merge two Hollywood giants. And now Puck News has reported that Netflix is reportedly exploring a bid for its assets. 

Warner Bros. Discovery is navigating a complicated restructuring, with $35 billion in debt and a valuation of $41 billion, making any takeover far from simple. If Netflix or a streaming-first owner takes over, as Puck News reported, big blockbusters might skip theaters, IMAX experiences could decline, and franchises like DC or Harry Potter spin-offs may go straight to streaming. Box office numbers could drop, while directors gain creative freedom and audiences shift toward home viewing, under a streaming-first approach, raising questions about the potential boost to Netflix’s subscriber base and influence in Hollywood.

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Wells Fargo spots Warner Bros. Discovery S&S as a potential Netflix target, hinting at a blockbuster shake-up in Hollywood.

According to Investing.com, Warner Bros. Discovery’s streaming and studios unit could attract buyers once it separates from the company’s networks business in 2026, with Netflix emerging as the most compelling prospect, according to Wells Fargo. Analysts lifted WBD’s stock target by $1 to $14, placing a 30 percent chance on a sale. A Netflix acquisition would grant the streaming giant access to WBD’s $12 billion annual content spend, a $6.5 billion library, and a 100-acre studio lot, reshaping Hollywood’s content landscape.

According to Wells Fargo, a Warner Bros. Discovery streaming and studios acquisition could deliver 18 percent earnings accretion for Netflix by 2030 and propel the company toward a $1 trillion market capitalization. The brokerage’s optimistic scenario, assuming a 75 percent probability of a sale, could push WBD’s value above $20 a share. As the Duffer Brothers leave Netflix, merging Warner Bros. with the streaming giant could redefine its strategy, giving subscribers vast content, studio access, and reshaping the future of entertainment.

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Do you think Netflix will successfully acquire Warner Bros.? Share your thoughts in the comments below.