Warner Bros Discovery’s stock jumped 8.7% following reports suggesting Netflix is exploring a potential acquisition of the company’s studio and streaming units. The development marks a possible major consolidation move in the global streaming sector, where platforms face rising content costs and audience saturation. Analysts said a merger of these assets could strengthen Netflix’s intellectual property portfolio while offering Warner access to wider distribution scale. Investors interpreted the report as a signal of renewed strategic repositioning across major entertainment firms seeking profitability and content synergy.