WASHINGTON — Netflix is evaluating a potential bid for Warner Bros. Discovery’s studio and streaming operations, according to reports from Deadline and Reuters .

The streaming giant has enlisted financial advisory firm Moelis & Co. to explore the opportunity, multiple sources told the outlets. Moelis notably advised Skydance Media on its successful pursuit of Paramount Global, and is now reportedly helping Netflix assess the viability of acquiring key assets from Warner Bros. Discovery, including its film and television studios, HBO and the Max streaming platform.

Sources told Reuters that Netflix has already been granted access to Warner Bros. Discovery’s financial data room, a key step in the process. A source close to the discussions also confirmed to Deadline that Netflix is “lo

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