The $82.7 billion powder keg combines the first and fourth largest streaming platforms, Netflix and HBO Max, and brings popular franchises like "Harry Potter" and the DC Universe, classic films like "Casablanca" and "The Wizard of Oz," small screen sensations like "The Sopranos" and "Game of Thrones," and streaming hits like "Stranger Things" all under one roof, soliciting monopoly concerns in an industry already beleaguered by increasing rates of consolidated wealth, power, and access. Discovery has been at the forefront of industry discussions since June 2025, when the conglomerate's president David Zaslav announced that the entertainment giant would separate its film studios and streaming platform from its cable network business, which includes the likes of CNN, Cartoon Network, TNT, and HGTV. An all-out push by Paramount Skydance to undercut the deal further muddies the waters, as Ellison instigated a $108 billion hostile takeover of the studio shortly after the Netflix announcement, kicking off what is sure to be an intense battle for the legacy studio.
Author: staff@bgr.com (Alec Hively)
Published at: 2025-12-21 21:17:00
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