According to the news agency Bloomberg, an agreement between the two parties may be announced in the coming days. Paramount and Comcast have also previously shown interest in buying Warner Bros Discovery's operations.
Netflix is reportedly prepared to pay $5 billion in a fee if the deal encounters regulatory resistance. It has previously been raised that a purchase would give Netflix too dominant a position in the streaming market, and Republicans have argued that this could harm consumers.
In a deal, Netflix will gain access to television hits such as "The White Lotus" and "The Sopranos" as well as the Harry Potter films and the television series "Friends," which are part of Warner Bros.' film and television operations.
At the same time, two completely different entertainment businesses are growing together. Warner Bros is one of Hollywood's classic film companies, founded in the 20th century, while Netflix, after starting three decades ago as a company that rented DVD movies, has now grown into a giant in the streaming market with revenues last year of over 39 billion dollars.
