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Netflix is moving forward with an $82.7 billion acquisition involving Warner Bros. Discovery’s studio assets, including HBO and HBO Max. The deal is expected to close in the third quarter of 2025, pending regulatory approval. While the numbers are staggering, the key issue for AEW is simple: sports programming is not part of what Netflix is buying.
Dave Meltzer laid out the full picture on Wrestling Observer Radio, explaining exactly how the deal is structured and why AEW is caught in the middle.
>“So Netflix sent out a release basically saying we have purchased the company. WBD’s board of directors approved the Netflix deal again. It was an eighty‑two point seven billion dollar deal, but only for the studios — HBO, HBO Max. Nothing else, right? So all the stations would stay with WBD in their new company, which would also get all the debt.”
>“The timetable right now is that it’s going to Netflix pending regulatory approval, and the feeling is that it will be closed in the third quarter of this year, so like in the fall. That would be the time where we’re going to know most importantly the AEW streaming situation.”
>“Are they going to stay on HBO Max, or is HBO Max — which is not taking any of the sports programming — not going to take them, and then they will have to start basically on the TNT Sports app? That is going to be done, but that’s going to start with like zero subscribers.”
Dave Meltzer laid out the full picture on Wrestling Observer Radio, explaining exactly how the deal is structured and why AEW is caught in the middle.
>“So Netflix sent out a release basically saying we have purchased the company. WBD’s board of directors approved the Netflix deal again. It was an eighty‑two point seven billion dollar deal, but only for the studios — HBO, HBO Max. Nothing else, right? So all the stations would stay with WBD in their new company, which would also get all the debt.”
>“The timetable right now is that it’s going to Netflix pending regulatory approval, and the feeling is that it will be closed in the third quarter of this year, so like in the fall. That would be the time where we’re going to know most importantly the AEW streaming situation.”
>“Are they going to stay on HBO Max, or is HBO Max — which is not taking any of the sports programming — not going to take them, and then they will have to start basically on the TNT Sports app? That is going to be done, but that’s going to start with like zero subscribers.”
