Back in February of this year, Netflix backed out of a bidding war with Paramount for the acquisition of Warner Bros. Discovery. Needless to say, Paramount was in a prime position to expand their company.
JB Perrette, the person in charge of WB Games and streaming, declared that “2025 was a year of reset.” Indeed, it felt like their division got “distracted going after too many IPs with too broad a set for studios.”
“The real fruits will start coming in in ’27-’28 when we return to some of our biggest franchises,” said Perrette via Variety.
Earlier today, the transaction closed, resulting in an acquisition of Warner Bros. Discovery by Paramount Skydance. As such, the company has been rebranded to Skydance Corporation.
Ultimately, it was Paramount Skydance’s proposal to acquire Warner Bros. Discovery at $31 per share in cash, as well as paying for the $2.8 billion termination fee to Netflix.
Overall, Paramount Skydance made the purchase at about $110 billion despite having an estimated equity value of $81 billion. The deal has been approved by regulators and courts.
This brings NetherRealm Studios under the Skydance Corporation umbrella. It’s unknown how this will impact NRS games going forward.
As alluded to previously, Warner Bros. Games has promised that some of their biggest franchises will be making returns in 2027 and 2028.
NetherRealm Studios has already concluded post-launch development on Mortal Kombat 1 and has since moved on to their next project. It’s being speculated that this next project is “Injustice 3.”
At this point, several resumés have seemingly leaked the production of Injustice 3, so it feels like it’s a fairly surefire bet at this point. Based on how NRS has seemingly been working on their next project since around May 2025, it’s also plausible to think that an announcement could happen at somepoint in 2027.
What sort of impact will this acquisition have on the next NRS game? Considering how far along it is already, we suspect that this game will still end up coming out, but we’ll have to see what this all could mean for the future of NRS in the long run.
