While the vast majority of the focus around Hollywood will be on Netflix owning HBO, DC Studios, Harry Potter and one of the most cherished movie libraries (which one exec called like a “futuristic sci-fi movie where one place delivers all entertainment”), the deal will also essentially recreate Discovery Communications with a few more networks.

Despite $82.7B Netflix deal, Paramount counter offer $108.4B amid anti-trust concerns about Netflix attaining more than 30% market share if its deal goes through - Anadolu Ajansı

Warner Bros. has a history of disastrous mergers and acquisitions. Can they avoid another bad sequel as Netflix and Paramount battle to buy it?

Warner Bros. Discovery’s board of directors has adopted a transaction bonus program designed to retain key executives through the closing of Netflix’s $82.7 billion acquisition of its streaming and studio assets and the company’s separation of its linear networks business into Discovery Global.

As Netflix and Paramount fight for Warner Bros. Discovery, the fate of the giant media company could rest on the value of its cable networks.

Earlier this year, Warner Bros. Discovery Chief Executive Officer David Zaslav ended his company's long relationship with the National Basketball Association. Now, he may be setting the stage to end his relationship with U.S. sports, altogether. Stream Los ...

President Donald Trump inserted himself directly into the battle for control of Warner Bros. Discovery on Wednesday, saying, “It’s imperative that CNN be sold,” while deriding the network’s news coverage.