Netflix actually won by walking away from the WBD bid, collecting a $2.8B termination fee and driving up the price and debt load of the Paramount-WBD merger
King of streaming preserves its business model, while Paramount will have to deal with a massive debt load
Wall Street Journal Dan Gallagher
Related Coverage
- Netflix loses the war for Warner Bros., Wall Street sees a win Sherwood News · Matt Phillips
- EXCLUSIVE: PARAMOUNT WINS. NETFLIX WALKS. HOLLYWOOD HOLDS ITS BREATH. ROB SHUTER'S Naughty But Nice · Rob Shuter
- Netflix Walks Away a Winner After Losing Warner Bros. to Paramount Barron's Online · Andrew Bary
- Paramount agrees to buy Warner Bros. Discovery, pays Netflix $2.8 billion for breakup Engadget · Ian Carlos Campbell
- Paramount Pays Netflix $2.8 Billion Breakup Fee After Warner Bros. Deal Win The Wrap · Tess Patton
- Netflix Banks A Quick $2.8 Billion As Paramount Pays WBD Termination Fee; Streamer's Shares Rise Another 14% Deadline · Jill Goldsmith
- Paramount Is Said to Have Paid $2.8 Billion Netflix Breakup Fee Bloomberg Law
- Netflix Stock Rebounds as Streamer Walks Away From WBD Deal $2.8 Billion Richer Media Play News · Erik Gruenwedel
- Paramount agrees to acquire WBD, paying $31 per share in cash, giving WBD an enterprise value of $110B; Paramount paid a $2.8B breakup fee to Netflix The Hollywood Reporter · Alex Weprin
- Netflix Wisely Bowed Out of Warner Bros. Bidding and Can Focus on Its Commanding Industry Lead Morningstar · Matthew Dolgin
- Netflix Says Paramount Has Paid $2.8 Billion Breakup Fee for Warner Bros. Discovery Deal Variety · Jennifer Maas
- Netflix Lost Warner. Maybe That's a Good Thing. New York Times · Nicole Sperling
- Why did Netflix back down from its deal to acquire Warner Bros.? TechCrunch · Anthony Ha
- Netflix Leaders Reassure Staff At Town Hall After Ceding Warner Bros. To Paramount By Not Raising Bid Deadline · Nellie Andreeva
- Netflix Backs Out of the Warner Bros. Deal. 5 Reasons It's a Smart Move The Motley Fool · Jeremy Bowman
- Netflix emerges as winner after Paramount Skydance clinches Warner Bros Discovery deal The Australian · Andrew Bary
- Paramount Bought Warner Bros. Discovery, But Nobody's Happy New York Times · Sharon Waxman
- On Wall Street, even the losers are winners in the battle for Warner Bros. Discovery Business Insider · Reed Alexander
Discussion
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@danielstrauss
Daniel Strauss
on bluesky
“Substantial layoffs seem certain, but cost cutting alone won't make the operation into the sort of entertainment powerhouse that can better compete with the likes of Netflix and Disney.”
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@carnage4life
Dare Obasanjo
on bluesky
Netflix's stock was up +14% on Friday after bowing out of the bidding war for Warner Bros. The company will get a $2.8B breakup fee and won't have to deal with a bunch of antitrust headaches or distractions about releasing movies in theaters. — A smart call and win for sharehol…
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@tvgrimreaper
@tvgrimreaper
on x
Whoever 𝙙𝙞𝙙𝙣'𝙩 get WBD was always going to be the “winner”.