Hollywood producer Patrick Caligiuri claims Saudi Arabia is about to take control of one of America’s most influential media empires. Cosmic Book News reports that Caliguiru says the kingdom’s sovereign investment fund is “about one signature away” from buying Warner Bros. Discovery in a $70 billion deal.
If true, the move would hand Saudi Arabia ownership of a massive catalog that includes Warner Bros., HBO, CNN, DC Studios, and other cornerstones of American entertainment and news. Caligiuri insists his sources in Saudi Arabia are reliable and says he is standing by the story, even at risk to his own reputation.
“Saudi Arabia is on the verge of purchasing Warner Bros.,” he said. “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.”
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Caligiuri first broke the potential deal in October and says his Saudi contacts now believe it’s nearly complete. He describes them as trusted industry figures. “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’m trusting my gut right now,” he said.
The producer added that while other possible bidders such as Paramount, Comcast, and Netflix have explored offers, none can compete with the Saudi Public Investment Fund’s trillion-dollar balance sheet. He says Saudi officials view U.S. entertainment as an anchor investment in their long-term global media expansion, which already includes EA Sports and LIV Golf.
Caligiuri pointed out that traditional Hollywood outlets have ignored the story and continue to cover the smaller-scale Skydance and Ellison bids instead. He says those reports are “outdated,” and that Warner Bros. Discovery is preparing to name its new owners by December, echoing comments made earlier by CEO David Zaslav.
If the purchase goes through, it could reshape not only Hollywood but also America’s control over cultural exports. The deal would give the Saudi government partial influence over global film, television, and news production, and could test how Western audiences respond to foreign ownership of major media companies.
Caligiuri closed his latest update by saying all signs point in one direction: “Everything is tracking on point and we will see who the owner is that’s going to emerge. Producer Patrick on the scene.”
If confirmed, such a sale would mark one of the industry’s largest ownership shifts in decades. It would place Warner Bros., HBO, CNN, DC Studios, and the rest of the Warner Bros. Discovery portfolio under Saudi control before the end of the year.
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