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While less overt in their bid, Comcast—owner of Universal Pictures and several cable networks—may be positioning themselves to acquire Warner’s streaming and studio assets. Their strategy seems to focus on bolstering their content library to compete with Disney, particularly by integrating DC Comics characters into their theme parks and broader entertainment offerings. They might also spin off their cable channels into separate entities, positioning to possibly acquire or manage Warner’s genre-heavy IP, including DC superheroes.