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For those who are asking about this, Netflix is not purchasing the linear channels owned by Warner Bros. Discovery (WBD). Those channels will be spun off into a new, separate publicly traded company known as Discovery Global.
Among those linear channels are TBS and TNT, which carry AEW programming - as well as CNN, The Discovery Channel, HGTV, The Food Network, etc.
Discovery Global will also retain the ownership of Bleacher Report (which at one point streamed AEW PPVs) and the Discovery+ streaming service.
Netflix will, however, acquire HBO Max, which currently streams AEW PPVs and has AEW content as part of its current streaming library. Where the rights to AEW in terms of streaming lands when the purchase process is completely, remains to be seen but one would assume it would remain unchanged through AEW's current contractual agreements with WBD at the time they came to terms.
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