Sensemaker Why is there a blockbuster fight for Warner Bros?
Dec 11, 2025
George Salai, Global Business Editor at The Hollywood Reporter, dives into the fierce bidding war between Netflix and Paramount for Warner Bros. He outlines Netflix's bold $83 billion bid and what this acquisition could mean for its streaming dominance. Salai discusses the assets at stake, including HBO Max and Warner's diverse catalog. He contrasts the strategies of both bidders, highlighting the implications for theatrical releases and the risk of industry consolidation that could lead to bland content and a less competitive market.
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From DVD Post To Potential Owner
- In 2010 Jeff Bewkes dismissed Netflix as a non-threat, likening it to the Albanian army.
- Fifteen years later, Netflix is bidding to buy Warner Bros, proving dramatic industry change.
Netflix Would Become A Streaming Giant
- Netflix's $83bn bid would give it Warner Bros' studio, HBO Max and gaming assets.
- That deal would make Netflix nearly one-third of the US streaming market.
Paramount's Bid Creates A Challenger
- Paramount's $108bn hostile bid would combine the number four and five streamers to create a stronger challenger to Netflix.
- The rivalry raises the question of consolidation versus one runaway leader in streaming.