Netflix is preparing to make an all-cash offer for Warner Bros Discovery's studios and streaming businesses, a source familiar with the matter told Reuters. Netflix declined to comment on the Bloomberg report, while Warner Bros did not immediately respond to a Reuters request for comment. Warner Bros' board has argued that Paramount's offer hinges on a significant amount of debt financing that heightens the risk of closing and the offer "remains inadequate." Paramount and Netflix have been in a heated battle for Warner Bros, its prized film and television studios, and its extensive content library. Paramount on Monday sued Warner Bros for more information on its deal with Netflix and said it planned to nominate directors to Warner Bros' board.

Source: The Telegraph January 14, 2026 05:00 UTC