Netflix "Didn't Attribute Any Value" to Warner Bros. Games Business When Bidding on Company
Well, as long as Paramount doesn't own it, I guess.
Warner Bros. Games
You've most likely heard about Netflix purchasing Warner Bros. Discovery (WBD) together with its HBO. Despite Netflix having its own gaming division, WBD's game business didn't interest the company much.
During an investors Q&A, Netflix co-CEO Gregory Peters said that this side of WBD's operations didn't matter much for Netflix:
"While they definitely have been doing some great work in the game space, we actually didn’t attribute any value to that from the get-go because they’re relatively minor compared to the grand scheme of things."
I'm sure those behind Hogwarts Legacy wouldn't be too pleased to hear that. Despite that, Netflix is now "super excited because some of those properties that they’ve built, Hogwarts is a great example of that, have been done quite well, and we think that we can incorporate that into what we’re offering. They’ve got great studios and great folks working there. So we think that there’s definitely an opportunity there. But just to be clear, we haven’t built that into our deal model."
For those waiting for Hogwarts Legacy content, the whole situation does not look too good. While its sequel was one of Warner Bros. Games' biggest priorities a year ago, its DLC was reportedly canceled earlier this year, and I highly doubt Netflix will focus on the game now.
Plus, the acquisition deal hasn't been properly sealed yet, and Paramount has recently decided to fight with Netflix over WBD. Oh, and if it somehow wins, Paramount's CEO promised Donald Trump to make changes to CNN. So that's that.
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