Netflix didn’t attribute any value to Warner Bros. Games in its massive deal

Warner Bros. Games has published and developed titles such as the Mortal Kombat series and Hogwarts Legacy which have both been huge hits, but Netflix which is set to acquire Warner Bros and subsequently Warner Bros Games, didn’t attribute any value in the game development business. Netflix co-CEO, president and director Gregory Peters told investors that “We think that there’s definitely an opportunity there. But just to be clear, we haven’t built that into our deal model.”

Peters said while Warner had done “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”. 

“Now we are super excited because some of those properties that they’ve built, Hogwarts is a great example of that, have been done quite well, and we think that we can incorporate that into what we’re offering,” stated Peters.

“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.”