Hollywood producer Patrick Caligiuri has revealed that Saudi Arabia is on the verge of purchasing Warner Bros. Discovery, saying the deal is “about one signature away” from being complete.
His update arrives just as the internet has begun buzzing with speculation about who will control DC, Warner Bros., HBO, and the rest of WBD’s massive library.
Caligiuri, who says he first reported the possibility of a Saudi buyout back on October 16th, is now pointing out that many online outlets are repackaging his information as their own. According to him, the source of the rumor is clear — and it’s him.
Caligiuri: “The Deal Is Almost Done”
In his latest update (watch below), Caligiuri says he has direct media contacts inside Saudi Arabia who are telling him the deal is close to being finalized. He describes the sources as “solid” and says he is trusting their information completely, even if it means risking his reputation if the story is wrong.
Caligiuri acknowledges that there is still a degree of uncertainty, especially regarding whether Comcast could be involved in some additional component of the acquisition. There are still questions about whether Warner Bros. would be broken into pieces, with elements like HBO Max potentially being carved off. But according to him, the core matter remains unchanged: the Saudi Public Investment Fund is aiming to buy Warner Bros. Discovery outright.
He added that Paramount has made multiple bids in the $60 billion range, but Saudi Arabia’s trillion-dollar fund dwarfs every other player in the running.
Why Saudi Arabia Wants Warner Bros.
Caligiuri notes that Saudi Arabia’s push into global entertainment is accelerating. The country has been aggressively expanding through its Public Investment Fund, buying EA Sports, investing in LIV Golf, and pumping billions into film, television, sports and tourism.
He says that after spending time in Saudi Arabia only three weeks ago, it’s clear the nation is going “all in on media” and sees Hollywood assets as long-term future investments.
We’ve also been told that if the Saudis buy WBD, Zack Snyder could return with his SnyderVerse.
Why Hollywood Media Is Quiet
Caligiuri also points out that no major Hollywood trade outlet has reported anything about a potential Saudi takeover. Instead, they continue to focus on the Ellison-Skydance pursuit of WBD and the chatter around Netflix and Amazon positioning themselves for a possible bid.
According to him, all of that is now outdated.
He says his sources insist the Saudi deal is nearly complete and that the timeline matches what David Zaslav himself hinted at: WBD expects to announce its new owner by December.
What this means
Caligiuri is standing firm on his report. Saudi Arabia is closing in on Warner Bros. Discovery. The Ellisons, Paramount, Comcast, Netflix and Amazon may still be circling, but the money, momentum and internal chatter all point in one direction.
If Caligiuri is correct, the entertainment landscape could shift dramatically — and DC Studios, DC Comics, HBO, CNN, Warner Bros. films and the entire WBD ecosystem would fall under brand-new ownership before the year ends.
Watch the video:
Read the text:
Saudi Arabia is on the verge of purchasing Warner Bros. I posted this about twenty-four hours ago.
What’s interesting is to see the internet doing its internet thing and so many people have taken this information and have run with it.
The outlets are now presenting this as their own. But the source is right here.
Kind of humorous because I’ve actually been reporting on this since October 16th. That’s when I first heard that there may be a 70 billion dollar deal from Saud Arabia to purchase Warner Bros.
Now I do have sources in Saudi Arabia who are now telling me that the deal is about one signature away from being complete. And these sources are pretty solid media sources. And they’re sources that I am trusting.
Now of course this could all blow up in my face and I could be eating the biggest meal of dead crow of my life if it’s wrong, but I am trusting my gut right now. I’m trusting my sources so I am going all in on this is what’s happening.
The one information I don’t have is whether Comcast is also involved with this deal. Whether Comcast would be picking up some of the additional elements of Warner Bros. like HBO Max. That’s still the mystery right now.
But from what I understand, Paramount has made multiple bids at about 60 billion. And the Saudi fund is estimated to be one trillion dollars.
And as a person who was in Saudi Arabia just three weeks ago, you’ve seen the evidence now showing that this country is going all in on media. They bought EA Sports. It’s on LIV Golf.
Now of course what’s really interesting is so far none of the traditional Hollywood news outlets have reported on any of this. They’ve been circling the Paramount story with the Ellison family trying to purchase Warner Brothers. They’ve been reporting on Netflix to get their name in the game, but from what I understand, the deal is almost done, and David Zaslav did mention that by December, they will announce who is going to be the owner.
So right now everything is tracking on point and the timeline, and we will see who the owner is that’s going to emerge. So you know who the source was and where the information was coming from. Producer Patrick on the scene.
