Netflix eyes ‘Seinfeld’ studio lot at deep discount after dropping WBD bid: report

Netflix (NFLX.OQ) has dropped out of the bidding for Warner Bros. Discovery but, according to Bloomberg, is reportedly in talks to acquire a smaller studio lot at a significantly lower price. The report suggests a strategic pivot from a large-scale takeover to a cheaper, targeted property purchase, which could preserve capital while still expanding Netflix's studio capacity. The news comes as NFLX shares traded around $92.58 (down ~2.4%), reflecting investor uncertainty over the abandoned bid offset by the potential of a discounted acquisition. Market impact is likely limited near-term but could influence sentiment around Netflix’s content-production strategy and capital allocation.