David Ellison
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Blink and you'll miss it: Paramount almost acknowledges the existence of Warner Bros. Games
Paramount Skydance's potential acquisition of Warner Bros. Discovery, which includes Warner Bros. Games, is moving forward after Netflix withdrew from the bidding war. The deal is expected to close in Q3 2026, though Paramount's executive team has largely overlooked the gaming division, mentioning it only briefly as part of "cutting-edge gaming and interactive content capabilities." CEO David Ellison stated that no divestitures of non-core assets are currently planned.
Netflix boss says Paramount acquisition of Warner Bros will result in "cuts in excess of $16 billion" within "18 months or so"
Netflix CEO Ted Sarandon stated that Paramount's acquisition of Warner Bros. will lead to significant cost-cutting exceeding $16 billion within approximately 18 months. This suggests that Warner Bros. Games studios, including TT Games and Rocksteady, will face scrutiny for cost-saving measures. Netflix withdrew its bid for Warner Bros. after Paramount increased its offer, securing a substantial breakup fee.
Paramount Could Own All These Warner Bros. Game Studios Soon
Paramount is reportedly in talks to acquire Warner Bros. Discovery's gaming assets, potentially gaining control of major studios like Avalanche Software, NetherRealm Studios, and Rocksteady Studios. This move could significantly expand Paramount's presence in the video game industry, which it has already touched upon with the upcoming Call of Duty movie.
The Warner Bros. acquisition: a timeline of events so far
Warner Bros. Discovery (WBD) has been the subject of a bidding war between Paramount Skydance (PSKY) and Netflix, with PSKY ultimately acquiring the company for $31 per share in an all-cash deal. The acquisition process involved multiple revised offers, legal challenges, and negotiations, with WBD's board eventually deeming PSKY's proposal superior to Netflix's. The deal includes WBD's film studio, streaming businesses, and games division, but excludes its Global Networks.
Netflix's $82.7 billion deal to buy Warner has been dramatically gazumped by Paramount, to the tune of $111 billion
Paramount Skydance has submitted a $111 billion bid to acquire Warner Bros Discovery, significantly outbidding Netflix's previous $82.7 billion proposal. The deal, which includes Warner's gaming studios like Rocksteady and Avalanche, is facing regulatory scrutiny. The impact on Warner's gaming division remains uncertain.
