Zaz Sports Bundle Economics

David Zaslav
"WBD is structured, legally and financially, so that it could sell Streaming and Studios, and leave Global Networks as RemainCo., if Zaslav thought this offered the best opportunity," says Peter Supino. Photo: Antonio Borga/Eurasia Sport Images/Getty Images
Julia Alexander
October 28, 2025

Join Puck to listen to this article

At the moment, the preferred parlor game among media business types—and, really, anyone who’s ever visited Sun Valley for four days in late June—is whom David Zaslav will choose as a worthy buyer for Warner Bros. Discovery or some of its assets. Of course, there’s feverish interest from David Ellison’s Paramount Skydance. Meanwhile, Comcast’s Brian Roberts, perhaps feeling newly acquisitive amid the Versant spinoff, might view the Warner Bros. studio and HBO as desirable complements to the sports offerings on Peacock. Last week, Netflix’s Greg Peters essentially shrugged off any interest in WBD when asked about it on the company’s earnings call. But we also know that Netflix has moved from a never philosophy to never say never optionality.

Inner Circle Exclusive

Join us in the Inner Circle

Becoming an Inner Circle member now takes you even more inside to exclusive coverage you won't get anywhere else
Join Inner Circle
  • Exclusive bonus days of select newsletters
  • Exclusive access to Puck merch
  • Early bird access to new Editorial and Product features
  • Invitations to private conference calls with Puck authors