Tony Khan is not afraid for AEW amid Warner Bros. Discovery purchase offers

Paramount, Comcast, and Netflix have submitted bids for WBD in a deal that could redefine the market

The AEW president assures that the relationship with Warner Bros. Discovery is strong and sees no risk for the company

Tony Khan
Photo Credit: AEW
Sebastián Martínez
Sebastián Martínez
Published 11/23/2025

The possible sale of Warner Bros. Discovery has raised all alarms in the industry, but in the case of AEW, its president Tony Khan wanted to convey absolute calmness after Full Gear. In the midst of a wave of information about the offers presented by different entertainment giants, AEW's continuity within the company's umbrella is once again at the center of the debate.

During the press conference after the event, Tony Khan was asked about whether AEW could be affected if the parent company ends up in the hands of a buyer who already has agreements with TKO content. The executive, far from being worried, assured that he feels fully confident in the relationship they have with Warner Bros. Discovery.

I'm not worried at all. I feel very good. We have a great partnership with Warner Brothers Discovery and we are blessed to be on TBS, TNT, and now also on Max. No, I'm not worried at all. I am very, very, very, very, very optimistic about the future of AEW and where everything is going.

Khan's statements come in a particularly delicate context. According to Deadline, Paramount, Comcast, and Netflix have submitted non-binding bids to acquire all or part of Warner Bros. Discovery. The operation, which could be completed by the end of December before a broad regulatory approval process, promises to reshape the global audiovisual landscape at a time of maximum uncertainty due to the emergence of AI, changes in consumption, and the fragility of the technological sector.

In this race, Paramount has an advantage as it seeks to buy the entire company, including its less profitable cable channels. Netflix and Comcast, on the other hand, would be interested only in the studios and the streaming part.

The potential synergies or conflicts are catching the attention of wrestling fans, as Netflix and Comcast have agreements with WWE programming, while Paramount will start its relationship with UFC in 2026.

Deadline also highlighted that the situation has caused internal concern among the teams at HBO, Max, CNN, and the rest of the group's divisions, who face the possibility of another change of ownership after years marked by mergers, cuts, and restructurings. Nevertheless, executives like Casey Bloys have insisted to employees to focus on their daily work and not get worn out by speculations.