It has been reported that Warner Bros. Discovery is considering licensing its DC characters to Universal. Six Flags currently holds exclusive theme park rights to DC Comics characters in theme parks, so the question is if the characters would potentially be found in both chain’s parks going forward or move exclusively to Universal. Warner Bros. currently license Harry Potter to Universal, so the two companies already have a track record of working together on theme park attractions. A DC license could also be seen as a replacement for the Marvel IP Universal still has in its park Disney now owning the rights to Marvel. Given the media merger landscape, we could see a major reshuffling of theme park IP in the coming years.