Warner Bros. has a history of disastrous mergers and acquisitions. Can they avoid another bad sequel as Netflix and Paramount battle to buy it?

Forbes contributors publish independent expert analyses and insights. I’m a freelance writer with a focus on Queer media and entertainment. In 2025, Warner Bros. appears to have undergone a software reset, focusing on content that resonates with audiences.

Last week, Warner Bros. Discovery finally said publicly what everyone has been talking about for weeks: The media company is up for sale. Although the news was hardly a surprise — Warner has been unofficially in play for some two months — the prospect ...