A new twist has entered the Warner Bros. Discovery drama, and this one could have massive consequences for the wrestling world.
Just a week after Paramount was reported to be preparing a cash offer for WBD, Puck News revealed that Netflix may now be considering its own bid — a move that could directly impact All Elite Wrestling’s TV home.
Netflix CEO Ted Sarandos was recently spotted in Las Vegas at the Crawford–Álvarez fight alongside Warner Bros. Discovery boss David Zaslav, fueling speculation that the streamer could make a move for the company.
“Netflix may be considering a bid,” the report noted, suggesting the streaming giant could be preparing to reshape the industry in a way no one expected.
If Netflix were to acquire Warner Bros. Discovery, it would inherit a powerhouse of assets — including TNT, TBS, and the streaming service Max. That’s where the AEW connection comes in. AEW programming has been a mainstay on TNT and TBS since its launch and is now tied to Max. A change in ownership could leave Tony Khan’s promotion in limbo, depending on how Netflix views AEW’s live wrestling within its larger content model.
If this deal comes to fruition, AEW might be facing its biggest test yet — whether Netflix sees it as part of their vision, or whether Tony Khan will need to start shopping for a new broadcast partner.
Do you think Netflix would keep AEW programming if it buys Warner Bros. Discovery? Please share your thoughts and feedback in the comment section below.
September 19, 2025 1:43 pm
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