Hollywood’s New Leviathan: Paramount-Skydance Closes in on Warner Bros. Discovery After Netflix Retreats

David Ellison’s Skydance wins the bidding war for the legendary studio as Netflix chooses financial discipline over a "must-have" merger, leaving the new giant to face a staggering $78 billion debt.

Mar 03, 2026

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The titanic battle for control of Warner Bros. Discovery (WBD) reached a dramatic conclusion last week as Netflix officially withdrew, clearing the path for Paramount-Skydance to claim the throne. In…

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