HBO, Netflix and Warner Bros.
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After weeks of an intense bidding process, Netflix is picking up one of Hollywood's oldest studios in a game-changing deal.
Disney CEO Bob Iger raises red flags about Netflix-Warner Bros. Discovery deal’s impact on consumers
Iger weighed in as Netflix and Paramount Skydance square off in a high-stakes battle for control of Warner Bros. Discovery.
HBO Max member Michelle Fendelander has sued Netflix in a bid to prevent it from merging with Warner Bros Discovery.
A major transaction has long felt inevitable. The 2022 merger saddled the company with roughly $50 billion in debt, leaving its leadership little choice but to explore a breakup or sale. If the split proceeds, WBD CEO David Zaslav would continue leading the Warner Bros. side, and Discovery Global would be led by current CFO David Wiedenfels.
Pictures, DC Studios and streaming service HBO Max to Netflix, following a bidding war that also ended with a hostile takeover bid by Paramount. The planned sale would create a mammoth streaming and production giant with intellectual property rights to beloved franchises including Batman and Harry Potter.