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GamesRadar
GamesRadar
Technology
Ashley Bardhan

Netflix says it didn't factor "any value" from Hogwarts Legacy publisher Warner Bros. gaming arm into $83 billion deal: "They're relatively minor compared to the grand scheme of things"

Hogwarts Legacy running on Nintendo Switch screenshot.

Netflix is seemingly on track to complete its $82.7 billion Warner Bros. acquisition, though Paramount has recently reacted with a competitive $100.7 billion bid. What makes these film industry behemoths so eager to knock each other down? Well, it certainly isn't Warner Bros. Games.

In fact, Netflix co-CEO Gregory Peters said during an investor call (originally reported by PocketGamer.biz) that, sure, Warner Bros. had done some "great work in the game space," but "we actually didn't attribute any value to that from the get-go because they're relatively minor compared to the grand scheme of things."

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