I stream, you stream, we all stream; Is there another major acquisition in the works is the crowed streaming market

Are there any chances on the bid Paramount Global (NYSE: PGRE) for Warner Bros. Discovery (NASDAQ: WBD) have reignited discussion among investors about whether streaming services such as Netflix and Amazon should acquire a major studio like Warner Bros. Amazon’s acquisition of MGM has some analysts evaluating the strategic value and risks of such deals as we end 2025.

Major studio acquisitions could serve as a defensive move. If Paramount Skydance Corporation (NASDAQ: PSKY) executes a successfully acquisition of Warner Brothers, that move could potentially restrict or reduce the amount of content licensed to third parties, including Netflix.

However, Barclays notes that the supply of content to streaming platforms is unlikely to change materially even amid consolidation among major studios such as Paramount and Warner Bros.

Combined, major studios generate over $13 billion in annual licensing revenue across all divisions, and Netflix remains the largest third-party buyer of content based on its current content budget.

Some analysts have stated that Netflix’s most popular titles rarely originate from WBD or PSKY, whereas the combination’s licensing revenue could be significantly affected if Netflix were denied access to their content.

Ownership of Warner Bros. could give Netflix access to recognizable franchises like DC Comics and Harry Potter and offer opportunities in video gaming, potentially boosting engagement.