Netflix wins Warner Bros. bidding war

Netflix agrees to buy Warner Bros Discovery in a landscape-altering deal valued at $82.7B, beating out Paramount Skydance and Comcast.

Netflix agrees to buy Warner Bros Discovery in a landscape-altering deal valued at $82.7B, beating out Paramount Skydance and Comcast. Under the agreement, Netflix will take over WBD’s film studio and streaming service, HBO Max, while Warner Bros. will still spin off its TV networks, which included TNT and CNN.