Netflix has hired an investment bank as it actively explores an attempt to acquire Warner Bros Discovery’s studio and streaming business, according to Reuters citing three people with knowledge of the matter. The streaming giant has retained Moelis & Co as its financial adviser so it can evaluate a potential offer, two of the people cited by Reuters said. Netflix also gained access to the data room, which the company needs to make the bid because it contains the financial details, two people told Reuters. Netflix, Moelis or Warner Bros Discovery have not issued a statement on the possible deal. A successful deal to own Warner Bros’ studio business would mean that Netflix would be able to gain control of some of the most popular and successful stories and characters around the world, such as the Harry Potter and DC Comics franchises. Many of Netflix’s biggest hits, including original series like “Running Point,” “You” and “Maid were produced by Warner Bros’ prolific television studio. HBO and its companion streaming service will add more prestige dramas, and subscribers to this collection, Reuters estimates. Currently in India, JioStar is the exclusive streaming platform for HBO, Bro Max Original and a debut content from HBO in Bronerk. in April 2023. What is Netflix’s growth plan Ted Sarandos, CEO of Netflix, told investors last week that the company is looking at acquisitions based on “builders rather than buyers”? The company is evaluating these opportunities based on things like the size of the offering and whether it will help bolster the company’s entertainment value has been very clear in the past that we have no interest in owning legacy media networks… There is no change there,” Sarandos told investors in a video announcing Netflix’s Q3 results. Warner Bros evaluates options Warner Bros Discovery announced last week that it will begin evaluating options, after receiving three unsolicited offers from Paramount Skydance to acquire the entire company. The company said its board will consider whether to proceed with its planned split. This move would the Warner Bros film and television studios separate from its television business, or pursue a sale of all or parts of the company. The deal could be an example of Netflix’s acquisition-focused approach ahead of its planned split.