Netflix's recent interest in procuring Warner Bros. Discovery will be a huge step toward redefining Hollywood's streaming wars. As per Deadline, the streaming giant has hired Moelis & Co., the financial advisory firm that helped in carrying out a successful deal for Skydance in acquiring Paramount Global.It is further revealed that Netflix has also been given access to Warner Bros. Discovery's financial details, hinting at a positive direction for the bid. WBD had previously shared that they had been weighing in on their possible future and considering several deals they had been approached for.More about this in our story.Netflix hires an investment bank for Warner Bros. Discovery's bidEarlier this year, Warner Bros. Discovery announced the splitting of the company into two parts: one for Global Networks and the other for streaming and studios. This move will split the streaming platform, HBO, HBO Max, from the television networks. They also revealed that they had been receiving numerous offers for the acquisition of a part of the company and also the entire WBD.Amid talks of the bid for WBD, Paramount Skydance also came forward and made an offer. However, WBD has rejected their offer. This makes WBD still available for Netflix. Deadline's report on Netflix having access to WBD's financial data hints at a positive move toward the acquisition, as it is one of the initial directions that a company takes before a formal negotiation.While neither WBD nor Netflix provided any comment about the ongoing deal, if the latter succeeds in acquiring Warner Bros. Discovery, it will change the streaming landscape of Hollywood. WBD is home to numerous prestigious shows and franchises such as the DCU and Harry Potter. Therefore, the move of Netflix's trying to acquire WBD will become a redefining moment in the streaming war.As per Deadline, earlier, Greg Peters, co-CEO of the streaming platform, shared that they were not interested in merging with any other studio and that it wouldn't solve the "challenges" that the industry was facing right now, and said:"You have to do that by the hard work of developing those capabilities in the trenches day to day. You don’t get there simply by buying another company that is also still developing those same capabilities."Furthermore, co-CEO Ted Sarandos also doubled down on the topic and revealed that they did not want to buy legacy media and shared:"We’ve been very clear in the past that we have no interest in owning legacy media networks, so there is no change there."While the studios declined to comment on the new developments in the deal, the merger between Netflix, one of the most successful streaming platforms, and Warner Bros. Discovery, one of the renowned legacy studios, will reshape the Hollywood industry and could also strengthen the streaming platform's offerings further.Adding HBO to its platform, the streaming giant will gain access to its acclaimed films and shows, which will in turn bring the loyal viewers and fans of the projects to its streaming platform, making it more prevalent and influential among other streaming services.Keep reading Soap Central for more such stories.Also Read: Law & Order: Special Victims Unit Season 27 Episode 7 - Release date news, time, streaming details, cast, and more