Report: Warner Bros. In Talks To Acquire WWE Tape Library (Updated)

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September 12, 2014 6:40 PM EDT Update: I adjusted some of the wording from the initial report to eliminate confusion. TheWrap.com adjusted their wording as well but I still felt it was somewhat confusing. End update.

TheWrap.com is reporting that Warner Bros. is in talks to acquire the distribution rights to WWE's tape library. Financial terms of the proposed deal were not disclosed but the library is estimated to have 150,000 hours of content. The library is vast featuring TV shows, pay-per-views and shows dating back to the 1950s.

The tape library is currently distributed by Cinedigm, who are reportedly looking to transition away from it.

Click here for coverage by the TheWrap.com.

Richard Reacts: Before anyone pushes the panic button, this looks like WWE is looking to upgrade their distribution partner of the tape library from Cinedigm to Warner Bros. It's not a ridiculous rumor like the McMahons are looking to get out of the wrestling business, but I can see why someone would perceive that based on the headline at TheWrap.com.

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