Discovery certainly has quantity over quality too. And Netflix has also plenty of quality.

To be honest, those two are way too in debt for that to be possible but a merger between the two would actually make a great service. Netflix has the viewers and international reach and it can absorb both sides of Discovery (they got plenty of their own reality TV stuff) and Warner (prestigious projects in TV/movies, big franchises like DC or Harry Potter). Hell they even are both interested in gaming (Netflix is publishing games and Warner too and they have studios).

A merged service between the two would basically be unstoppable.