Warner Bros. Discovery Draws Multiple Bidders Amid Strategic Review
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Jeremy Murphy.
On a recent Price of Business show, Host Kevin Price interviews former CBS TV Vice President, Jeremy Murphy.
Warner Bros. Discovery (WBD) confirmed in October 2025 that it is reviewing “strategic alternatives” after receiving unsolicited buyout interest in the company—or major parts of it. The review follows mounting pressure from investors to address WBD’s heavy debt and struggling legacy TV operations.
Who’s Interested:
- Paramount Skydance – Backed by David Ellison and his father Larry Ellison, Skydance is seen as the leading contender after a reported $60 billion offer.
- Comcast/NBCUniversal – Interested primarily in WBD’s studio and franchise assets (such as DC, Harry Potter, and Looney Tunes), which could strengthen its film, streaming, and theme-park divisions.
- Netflix – Exploring a bid limited to the studio and streaming properties, including HBO and Max, while steering clear of cable networks.
- Private Equity Consortia – Several investment groups are studying partial acquisitions, especially in high-value content libraries and international streaming rights.
Why the Interest:
WBD controls one of the largest entertainment portfolios in the world, including:
- HBO and Max streaming services
- Warner Bros. film studio and franchises (DC, Harry Potter, Barbie, The Matrix)
- Turner networks (CNN, TNT, TBS)
- Discovery Channel, HGTV, and Food Network
These assets make WBD a rare opportunity for companies seeking global scale in streaming and franchise IP. Still, its $40 billion debt load and declining cable revenues could complicate both valuation and regulatory approval. Whether WBD will sell itself entirely or break into divisions remains to be seen.
Murphy, who spent many years as a CBS TV VP, says there is clearly a frontrunner in the race in buying these properties.
According to a statement, “Jeremy Murphy is a sarcastic, embittered veteran of the media industry. Founder of 360bespoke, a respected boutique PR agency in New York, Murphy handles a full roster of clients in the lifestyle, beauty, fashion, and start-up fields. Previously, he was Vice President of Communications at CBS, where he worked for 14 years. There, he oversaw PR for many of its divisions and created its glossy magazine Watch. Murphy started as a journalist, working with Knight Ridder newspapers and Mediaweek. He is a graduate of Florida Atlantic University and lives in New York with his cat, Champers.”
X/Twitter: https://x.com/360bespoke
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