Comcast Enters the Fight to Buy WBD (Scoop Confirmed)

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Comcast has officially made an offer to buy parts of Warner Bros. Discovery, though they aren’t interested in acquiring the whole company.

Okay, so the rumors are true! For years, I’ve been hearing whispers that David Zaslav at Warner Bros. Discovery had a plan to eventually split the company. Now, it looks like that plan is moving forward, with Comcast potentially interested in buying WBD’s streaming and movie businesses. It seems Zaslav was hoping for a Comcast (Universal) deal all along, and now it’s looking like a real possibility.

As reported by Variety, Comcast has brought in Goldman Sachs and Morgan Stanley to help assess a potential offer for Warner Bros. Discovery, and they’ve already been given access to WBD’s financial information.

This news confirms what I previously reported from sources: David Zaslav was aiming to sell Warner Bros. – including HBO Max, Warner Bros. Pictures, DC, and WB Games – to Comcast, while remaining in charge of Discovery Global, which includes channels like Food Network, HGTV, TLC, and the Discovery+ streaming service.

WBD Is Already Splitting Into Two Companies

According to Variety, Warner Bros. Discovery (WBD) is splitting into two separate companies: one will focus on Warner Bros. properties like HBO Max, its film studio, DC, and streaming services, while the other will be called Discovery Global and include its cable networks and Discovery+.

The strategy involves selling Warner Bros. to a company such as Comcast or Skydance, and keeping Discovery Global as a separate entity still led by Zaslav.

This confirms what my sources at Comic-Con have been telling me. I expected this, as it’s been the intended course of action for a while now.

Comcast Wants the Valuable Pieces: Streaming and Movies

By the end of 2025, Comcast plans to spin off most of its NBCUniversal cable networks into a separate company called Versant. This move will allow Comcast to pursue future acquisitions more freely, as it won’t face the same antitrust concerns.

According to Variety, Comcast is focused on acquiring HBO Max and the associated film studio, and isn’t interested in the cable networks or news divisions.

That puts DC Studios, DCU, and everything under Warner Bros. Pictures directly in the crosshairs.

Comcast’s co-CEO, Mike Cavanagh, didn’t rule out future acquisitions, hinting that “more opportunities are on the table” following the company’s spin-off of Versant.

Paramount, Netflix, and Comcast All Circling the Same Assets

Variety also confirms three major players are now competing:

  • Comcast – interested in Warner Bros., HBO Max, DC, film studio
  • Skydance/Paramount (Ellison) – wants the whole company
  • Netflix – only wants selective pieces, not the entire thing

That’s three different kinds of buyers, all chasing different parts of WBD.

Sources say Netflix isn’t genuinely interested in buying Warner Bros. Discovery. Instead, they seem to be pushing the price up for Skydance. This basically narrows down the potential buyers to just Skydance and Comcast.

Warner Bros. Discovery’s board has turned down three offers from John Ellison, including his latest bid of $23.50 per share. Now, reports suggest Ellison might have to attempt a hostile takeover – meaning he would go directly to the company’s shareholders instead of working with the current leadership.

What about James Gunn and the DCU?

I previously heard that if Comcast/Universal were to acquire Warner Bros., they would likely keep James Gunn and his plans for the DC Universe.

Things have changed since James Gunn started DC Studios. While Superman barely made a profit, his DC shows, Creature Commandos and Peacemaker, didn’t attract many viewers. This raises questions about how well Supergirl and Clayface will perform in the future. Furthermore, Warner Bros. scheduled the Minecraft sequel to come out just two weeks after Gunn’s Superman follow-up, Man of Tomorrow, in 2027. This suggests a lack of confidence in Gunn’s overall plan.

I’ve heard that whoever buys Warner Bros. Discovery (WBD) will likely want to reboot and reimagine DC Comics properties to fit their own vision. This seems particularly true if David Ellison and Paramount Global, who have ties to Donald Trump, are the buyers. Recent reports have confirmed my previous statements: Paramount is shifting towards a more conservative direction, which doesn’t align with James Gunn’s vision for the DC Universe.

James Gunn has shifted his focus from his initial plans for the DC Universe, now prioritizing stories centered around Superman and his related characters. Development of the broader DCU is currently paused until Warner Bros. Discovery is sold, though projects already in the works will continue as planned.

James Gunn has also been considering his own position. As for what’s happening with the sale, he’s not allowed to discuss it at this time.

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2025-11-07 04:32