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Warner Bros on the Brink: Netflix’s Offer, Paramount–Skydance’s Hostile Bid, and What It Means for Theaters
The battle for Warner Bros—one of Hollywood’s most storied studios—has suddenly become the industry’s defining story. In early December 2025, Warner Bros. Discovery (WBD) agreed to a purchase proposal from Netflix, while Paramount–Skydance launched an aggressive all-cash hostile tender offer that aims to upend the deal. Nothing is finalized, but the competing bids already reveal two very different visions…
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