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Thursday, 26 February 2026

In reversal, Warner Bros. jilts Netflix for Paramount

Warner Bros. Discovery said Thursday that it prefers the latest offer from rival Hollywood studio Paramount over a bid it accepted from Netflix.

Warner Bros. says Paramount's sweetened bid to buy the whole company is "superior" to an $83 billion deal it struck with Netflix for just its streaming services, studios, and intellectual property.

(Image credit: Bloomberg/Bloomberg via Getty Images)



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