It appears that WB Games may not hold much strategic value for Netflix when weighed against the broader goal of acquiring Warner Bros.’ film and television intellectual property.

Netflix has admitted it did not attribute any value to Warner Bros.’ video game business in its $82.7 billion acquisition deal, sparking concern for the future of everything from Mortal Kombat to Hogwarts Legacy.

Netflix's most recent investors call revealed that Warner Bros games division wasn't a huge factor when forming their acquisition deal.

Netflix attempted to get into the video game business by almost buying one of the biggest developers in the world.

Warner Bros. accepts Netflix's $82 billion bid to buy its Studios & Streaming business, which includes WB Games studios teams, games content, and IPs.

Today, Xbox and PC Game Pass subscriptions feature the penultimate game prepared for the first half of December. We are talking about the latest installment of the cult series of brutal brawlers.

A major transaction has long felt inevitable. The 2022 merger saddled the company with roughly $50 billion in debt, leaving its leadership little choice but to explore a breakup or sale. If the split proceeds, WBD CEO David Zaslav would continue leading the Warner Bros. side, and Discovery Global would be led by current CFO David Wiedenfels.

Since Netflix's deal was confirmed last Friday (December 5), Paramount has since launched a cash bid of $100 million, with the studio stating that Warner Bros. Discovery "never engaged meaningfully" with their previous attempts to negotiate a deal.