On December 5, it was announced that Netflix and Warner Bros. Discovery had come to an agreement to sell the Warner Bros. side of the business to the streaming giant. As part of that deal, it was confirmed that all of Warner Bros. Games (WB Games) properties and studios would be owned by Netflix.
While Netflix didn’t respond to multiple requests for comment regarding what the future could hold for the gaming division of Warner Bros. On December 8, however, the first gaming-specific comments were made by Netflix Co-CEO Gregory Peters on the company’s pending purchase of WB Games.
Peters said that when the deal was coming together, WB Games wasn’t “built” into the deal model. He says that, despite their being “great studios and great folks working there”, they didn’t “attribute any value” to the games side of the company.
“While they definitely have been doing some great work in the game space, 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,” Peters said.
“Now we’re super excited because some of those properties that they’ve built, Hogwarts is a great example of that, have done quite well, and we think that we can incorporate that into what we’re offering. They’ve got great studios and great folks working there. So, we think that there’s definitely an opportunity there. But just to be clear, we haven’t built that into our deal model.”
Should the Netflix deal for Warner Bros. close in 2026, they’ll own studios like Avalanche Software, Rocksteady Games, TT Games, and NetherRealm Studios. That means games like the aforementioned Hogwarts Legacy, Mortal Kombat, the rumored in-development Batman game, and others will be under the Netflix umbrella.
To hear that they didn’t consider gaming when determining the value of the company might not be what fans want to hear. That said, it’s tough to know what the company really feels about the gaming side of things based on those comments alone.
The real showing will come after they official own all of the studios. Of course, that’s if they close the deal.
What do you think will happen to WB Games if Netflix ends up owning the studios and games? Leave your thoughts down in the comments or in the official Insider Gaming Discord server.
(H/T Stephen Totillo for the find.)
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Mike has been covering the gaming industry since 2012, and has reported on some of the largest events in the industry while also working as an investigative reporter. Outside of…
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