If Warner Bros. Pictures were to be sold to Netflix, the streaming service would likely alter its approach to releasing movies in theaters. Warner Bros. Discovery, which is run by David Zaslav, has put itself up for sale.

If Warner Bros. Pictures were to be sold to Netflix, the streaming service would likely alter its approach to releasing movies in theaters. Warner Bros. Discovery, which is run by David Zaslav, has put itself up for sale.

Netflix, Paramount and Comcast submitted bids to acquire the Hollywood colossus, which owns the Warner Bros. movie studio, HBO, and cable networks like CNN and TNT, four people with knowledge of the proposals said. The outcome of the sale could alter the trajectory of the entertainment business.

CNBC's David Faber said Wednesday that Netflix (NFLX) is considering the offer to buy Warner Bros. Discovery (WBD) "very seriously" as the deadline for the first round of bids nears.

Also worth considering: President Trump famously dislikes Comcast CEO Brian Roberts, calling him a “disgrace to the integrity of broadcasting.” Comcast and Roberts are seeking to mend this by donating to the president's construction of a new White House ballroom, per The Times.

A prominent Republican U.S. representative has weighed in on the bidding war for Warner Bros. Discovery -- warning that Netflix's potential acquisition of WBD's HBO Max and its entertainment studios "raises antitrust concerns that could result in a harm to consumers.

Republican Kansas Sen. Roger Marshall sent a Monday letter to the Department of Justice (DOJ) and the Federal Trade Commission