The possible sale of Warner Bros. Discovery has been a major topic of discussion in the entertainment industry, with speculation about who will take control. Rumors suggest several potential buyers, including Netflix, Universal, and a wealthy American family. Recent reports indicate that Saudi Arabia is now a leading contender to purchase Warner Bros. Discovery, adding a new twist to the ongoing story.
Recent reports from seemingly unrelated media sources are suggesting that Saudi Arabia isn’t simply observing the competition to acquire parts of Warner Bros. Discovery – it may actually be a key player in the deal.
A Producer Claims Saudi Arabia Is “One Signature Away”
The rumor started when Hollywood producer Patrick Caligiuri said Saudi Arabia is close to buying the famous American film studio.
View this post on InstagramA post shared by Patrick Caligiuri (@producer.patrick)
Caligiuri recently stated he has reliable sources within Saudi Arabia and believes the potential purchase of Warner Bros. Discovery by the kingdom is nearly complete – just one signature away, according to him. He admits the information is a gamble, and he’s prepared to publicly admit he was wrong if it turns out to be false, even if it means a major embarrassment.
Caligiuri’s telling also includes several other noteworthy claims:
- Paramount has made multiple bids “at about 60 billion.”
- The Saudi PIF’s net worth is “estimated to be $1 trillion,” dwarfing the financial firepower of other bidders.
- Traditional Hollywood trades have been avoiding the Saudi angle entirely, sticking instead to the Ellisons and Paramount.
In short: Caligiuri presents Saudi Arabia as the primary bidder, practically at the finish line.
But that’s not the whole story.
A Very Different Saudi Angle Emerges at Puck
Matthew Belloni, a well-connected Hollywood reporter for Puck, recently published an article with a surprising angle. Rather than reporting on Saudi Arabia potentially buying Warner Bros. outright, the piece highlighted the absence of Comcast CEO Brian Roberts from a key industry event honoring David Zaslav.
Why? Because Roberts was in Saudi Arabia.
According to Belloni, Roberts was at the Future Investment Initiative, a PIF event bringing together world leaders in business and technology to discuss and implement solutions related to finance, innovation, and government policy.
However, the most surprising news came when two sources told Belloni that Roberts met with officials from the Public Investment Fund while he was in Riyadh.
Belloni avoids jumping to conclusions, even warning readers not to rush to judgment. However, he does bring up the central question that the story revolves around.
Is Saudi Arabia backing Comcast’s bid to acquire Warner Bros.?
Adding to this, Comcast CEO Brian Roberts and Mark Woodbury, head of Universal theme parks, recently toured Qiddiya, a large entertainment city being built near Riyadh. Several theme parks are under development there, including one based on Dragon Ball Z. A Comcast spokesperson verified Roberts’ visit.
Belloni also notes that Comcast “has not decided whether to invest in Qiddiya.”
If this was just a visit to check out theme parks, it wouldn’t be so noteworthy. However, considering the ongoing bidding war for Warner Bros. Discovery, it seems much more significant.
Saudi Buyer — or Saudi Backer?
These two reports offer strikingly different perspectives on what the future holds for Warner Bros. and its involvement with Saudi Arabia.
Caligiuri: Saudis are directly buying Warner Bros. Discovery.
Puck: Universal may need Saudi funding to acquire Warner Bros. Discovery.
In one scenario, Riyadh becomes the owner. In the other, Riyadh becomes the financier.
Either way, the kingdom sits at the center of the bidding war.
I was reading that Belloni makes a really good point – Comcast isn’t quite worth $100 billion right now, so if they wanted to buy Warner Discovery, they’d probably need a financial partner. And who has the money for that? Apparently, Saudi Arabia’s Public Investment Fund – they’ve got tons of cash!
That’s a match too strategic to ignore.
Why This Story Matters
Saudi Arabia has already invested heavily in entertainment worldwide, including sports, gaming, and tourism. A potential deal with Warner Bros. Discovery would be its most significant move yet to directly influence Hollywood. With its financial power, Saudi Arabia could dramatically change major brands like DC Films, HBO, and CNN, either by acquiring them or becoming a key financial backer.
Naturally, no official announcements have been made. These kinds of massive deals require months of careful planning, and this one is even more complex due to international issues, government regulations, and the internal dynamics of several powerful media companies.
Recent reports strongly suggest that Saudi Arabia will be involved with Warner Bros. in some way moving forward.
The race for Warner Discovery suddenly has a new map.
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2025-11-17 15:58