In a statement, Warner Bros said the terms of the Netflix merger were better, while the Paramount offer "once again fails to address key concerns that we have consistently communicated... throughout our extensive engagement and review of their six previous proposals." Netflix shocked the industry on December 5 by announcing it had sealed an agreement to buy the film and television studio and HBO Max streaming business for nearly $83 billion, the entertainment industry's biggest consolidation deal this decade. As Netflix emerged as the likely winning bidder for Warner Bros -- the studio behind "Casablanca," the "Harry Potter" movies and "Friends" -- Hollywood's elite launched an aggressive campaign against the acquisition.
Published at: 2025-12-17 21:41:23
Still want to read the full version? Full article
