In reversal, Warner Bros. jilts Netflix for Paramount

Warner Bros. says Paramount's sweetened bid to buy the whole company is "superior" to an $83 billion deal it struck with Netflix for just its streaming services, studios, and intellectual property.

In reversal, Warner Bros. jilts Netflix for Paramount
Warner Bros. Discovery said Thursday that it prefers the latest offer from rival Hollywood studio Paramount over a bid it accepted from Netflix.

Warner Bros. says Paramount's sweetened bid to buy the whole company is "superior" to an $83 billion deal it struck with Netflix for just its streaming services, studios, and intellectual property.

(Image credit: Bloomberg/Bloomberg via Getty Images)

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow

Economist Admin Admin managing news updates, RSS feed curation, and PR content publishing. Focused on timely, accurate, and impactful information delivery.