In the least surprising move of the year, the Warner Bros. Discovery board has officially announced that the home of Casablanca, The Dark Knight, The Sopranos, and Barbie is up for sale. Oh, and on the same morning they announced this, WBD also announced another price hike for HBO Max, so they are charging more and selling parts. This is the first time the company has formally admitted it’s hanging a metaphorical "For Sale" sign on that iconic WB water tower.Let's dive in. Warner Bros. Is For Sale According to The Hollywood Reporter, the board said it has received "unsolicited interest" from "multiple parties." And now, they're officially listening.Here are all the things that could happen with this announcement: A "transaction for the entire company." (HBO, HBO Max, Warner Bros. studios, DC, CNN, and all the Discovery reality channels).Separate transactions. (Selling off Warner Bros. and/or the Discovery Global businesses piecemeal).A complex spin-merger. (An "alternative separation" that would merge Warner Bros. with a buyer and spin off Discovery Global to shareholders).Continuing with the original plan. (Splitting the company into two, as previously announced).Basically, they're willing to do whatever makes the shareholders the most money and whatever the highest bidders pay to do. This comes just weeks after it was reported that David Ellison (of Skydance and Paramount) made a $20-per-share bid that was dismissed. Now, the floodgates are open, places like Comcast (which owns Universal) and Netflix have already made "inquiries."You can expect other spots like Apple and Amazon to also...
Published By: NoFilmSchool - Yesterday