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Re:

Does Netflix Own CNN, HGTV, and TLC? What the Warner Bros. Deal Means

Netflix did not complete its Warner Bros. deal. Paramount acquired WBD on October 6, 2026, and WBD is now a wholly owned Skydance subsidiary.
From TheFinanceBase Team1 min to read
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No. Netflix does not own CNN, HGTV, or TLC. Netflix declined to raise its offer for Warner Bros. Discovery (WBD), and Paramount completed its acquisition of WBD on October 6, 2026. After the merger, WBD became a wholly owned subsidiary of Skydance Corporation. Skydance’s closing announcement and the SEC filing confirm the outcome.

Who owns CNN, HGTV, and TLC now?

They are part of Warner Bros. Discovery’s portfolio, which is now under Skydance Corporation through its wholly owned subsidiary WBD. The September 30, 2026, joint announcement from Paramount and WBD listed CNN, HGTV, and TLC among WBD’s brands. The joint announcement described the closing as expected on October 6; Skydance and the SEC subsequently confirmed that the acquisition closed that day. Skydance’s announcement also names CNN and HGTV in the combined company’s portfolio. Its portfolio announcement

What happened to Netflix’s Warner Bros. bid?

Netflix had a merger agreement with WBD, but it did not complete the acquisition. On February 26, 2026, Netflix said it would not raise its offer after WBD determined that Paramount Skydance’s proposal was a superior proposal under the Netflix agreement. Netflix’s statement

Paramount then completed the purchase of WBD on October 6, 2026. The transaction filing records WBD as surviving the merger as a wholly owned subsidiary of Skydance Corporation. SEC filing

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Does the acquisition change the channels or their programming?

The closing announcements establish the ownership change and identify the networks in the companies’ portfolios. They do not establish whether CNN, HGTV, or TLC will change its programming, branding, or channel availability. Those operational questions should not be inferred from the change in corporate ownership alone.

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