Netflix and Paramount Skydance battle to buy Warner Bros Discovery
Warner Bros Discovery (WBD) is caught in a major bidding war between Netflix and Paramount Skydance.
After WBD explored new business options, Paramount Skydance made the first offers to WBD.
Netflix then submitted an $82.7 billion offer for its studio and streaming assets.
Just days later, Paramount Skydance fired back with a bigger, all-cash bid of $108.4 billion, backed by the Ellison family.
Why should you care?
This isn't just about big numbers—whoever wins could shake up how movies and shows get made and released.
Industry insiders worry that if streaming giants take over, we might see shorter movie runs in theaters, less marketing for films, and lower pay for creators—potentially making Hollywood less creative and more corporate.
Plus, there are concerns about layoffs at Warner's studios and even political influence over news channels like CNN if certain investors get involved.