AEW fans may have dodged a bullet when Warner Bros. Discovery shut down Paramounts buyout attemptbut that doesnt mean the chaos is over.
In a massive update issued October 21, 2025, Warner Bros. Discovery confirmed it has launched a full-blown review of strategic alternatives after receiving unsolicited interest from multiple parties. That includes offers for the entire company as well as for its Warner Bros. and Discovery Global divisions individually.
The company reiterated that its previously announced plan to split into two entitiesWarner Bros. and Discovery Globalis still in motion for mid-2026. But now, theyre openly entertaining the idea of selling the whole company or breaking it up even further.
The announcement follows Warners rejection of a $20-per-share buyout offer from Paramount-Skydance Corporation, which was deemed too low. While that bid fell flat, WBDs latest move confirms theres a lot more going on behind closed doorsand the future of their cable networks, including AEWs TV home on TBS and TNT, may be caught in the crossfire.
With Warner already restructuring into two armsGlobal Networks and Streaming & Studiosits unclear where AEW programming will fit once the dust settles. If new owners or structural changes come into play, AEW could face another round of uncertainty about its media rights and long-term placement on Warner networks.
Do you think AEW should start looking for a new TV home, just in case? Please share your thoughts and feedback in the comment section below.
