Here’s
an
interesting
rumour:
Sony
might
be
looking
to
pick
up
HBO
Max
from
Warner
Bros.
Discovery,
along
with
some
of
its
gaming
IP.

This
story
requires
some
context,
starting
with
the
fact
that
Warner
Bros.
Discovery,
which
has
been
facing
some
financial
troubles
the
last
few
years,

has
announced
a
restructuring,
which
includes
splitting
into
two
separate
companies.
If
that
sounds
familiar,
it’s
because
Ubisoft
is
also
doing
some
very
similar.

The
split
will
be
completed
by
mid-2026,
with
the
newly
formed
“Streaming
&
Studios”
being
composed
of
Warner
Bros.
Television,
Warner
Bros.
Motion
Picture
Group,
DC
Studios,
HBO,
HBO
Max,
and
notably,
the
WB
Games
division. 

As
part
of
the
split
the
company
also
announced
that
it
intends
on
releasing
less
games
overall
and
focus
more
on
its
core
IP
of
Harry
Potter,
DC,
Game
of
Thrones
and
Mortal
Kombat.

Of
course,
we
already

know
that
Hogwarts
Legacy
2
is
in
development,
while
a
new
Game
of
Thrones
RTS
was
just
revealed.

There’s
also
rumours
that
Netherealm
might
be
working
on
Injustice
3.

But
where
does
Sony
come
into
the
picture?

Well,
according
sescoops.com,
“Sony
is
considering
a
purchase
of
the
newly
announced
WBD
Streaming
and
Studios
company.”

Interestingly,
sescoops.com
is
a
wrestling-focused
website,
so
not
a
source
normally
worth
considering.
However,
sescoops.com
covers
All
Elite
Wrestling
(AEW)
which
is
broadcast
by
Warner
Bros.
Discovery.
sescoops.com
has
a
proven
track
record
when
it
comes
to
insider
AEW
information,
so
it
is
possible
the
website’s
sources
also
have
the
inside
track
on
Warner
Bros.
Discovery.

“Sources
said
Sony
was
only
interested
acquiring
WBD’s
streaming,
studio
and
gaming
assets
if
they
were
separated
from
its
cable
networks,
which
have
lost
millions
of
homes
as
viewers
abandon
traditional
cable
packages,”
says
sescoops.com.

Sony
has
made
some
movies
towards
becoming
a
larger
multimedia
company
in
the
past
few
years.
It
also
showed
interested
in
acquiring
Fox
before
Disney
snatched
the
company
up,
and
was
in
talks
to
buy
Paramount
at
one
point
as
well.

It’s
a
very
interesting
story,
but
for
now
I’m
inclined
to
say
there
isn’t
much
to
it.
The
source
isn’t
the
strongest,
and
I
don’t
think
Sony
would
be
looking
to
spend
the
amount
of
money
it
would
take
to
buy
out
Warner
Bros.
Discovery’s
new
company.
We’re
talking
thousands
of
employees,
multiple
game
studios,
a
streaming
service
and
more,
all
of
which
could
command
a
huge
price.
Right
now,
Warner
Bros.
Discovery
holds
a
market
cap
of
$26
billion.
The
new
streaming
company
isn’t
going
to
be
tied
down
by
as
much
debt
(Warner
Bros.
is
keeping
most
of
it
with
the
second
company)
and
will
likely
hit
the
market
with
a
strong
value
of
its
own,
one
potentially
much
higher
than
WBDs
current
market
cap.

Sony,
meanwhile,
currently
has
about
$24
billion
in
cash.
Of
course,
cash
isn’t
everything
and
Sony
could
bring
far
more
money
to
bear
if
needed,
but
the
point
is
buying
this
new
company
would
be
a
monumentally
huge
move
for
Sony,
and
one
I
can’t
imagine
them
willing
to
risk.
Nor
does
such
an
acquisition
fit
into
their
usual
strategy.