नवीनतम
Netflix walks away from Warner Bros deal
NEW DELHI [Maha Media]: In a surprising turn of events, Netflix has decided to walk away from a potential deal to acquire Warner Bros. Discovery's (WBD) studio and streaming business. This decision clears the way for Paramount Global to potentially take over Warner Bros. Discovery.
Why Did Netflix Back Out?
Netflix basically said the price got too high. After Paramount offered more money for the entire company, Netflix felt that acquiring just the studio and streaming part of Warner Bros. wasn't worth the revised cost.
In a statement, Netflix's leaders said they would have liked to own Warner Bros.' famous brands, but only if the price was right. They considered it a "nice to have," not something they absolutely needed at any cost.
Paramount Enters the Scene
Then, Paramount Global (which recently merged with Skydance Media) came in with a much bigger offer: $108.4 billion (Rs 9.75 lakh crore) to buy the entire Warner Bros. Discovery company, including the cable channels Netflix didn't want. This turned the situation into a bidding war.
Paramount isn't just interested in the studio and streaming part of Warner Bros. Discovery. They want everything, including HBO Max, the "Harry Potter" franchise, and even CNN.
What Was the Original Deal?
Back in late 2025, Netflix and Warner Bros. Discovery had a "friendly" agreement where Netflix would buy Warner Bros.' studio and streaming assets (like HBO Max) for around $83 billion (Rs 7.47 lakh crore). The plan was to combine the two streaming giants, while Warner Bros. Discovery would spin off its older cable networks into a separate company.
What Happens Next?
Now that Netflix is out of the picture, Paramount is in a strong position to take over Warner Bros. Discovery. However, the deal still needs to be approved by regulators, and there could be more twists and turns along the way. The entertainment industry will be watching closely to see what happens next.
