Netflix Wins Warner Bros. Studio, Max Streaming
Update: 2025-12-21
Description
Warner Bros. Discoverys board shocked the industry by selling to Netflix, rejecting Paramount Globals David Ellisons bids. Netflix, with Ted Sarandos reassuring employees, emerged as the frontrunner. Ellison appeals to shareholders, while Netflix prepares to match any bid increase. The future of movies and streaming hangs in the balance.
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