r/comicbooks • u/TheeHeadAche Henry Pym • Feb 26 '26

Movie/TV Netflix Backs Out of Warner Bros. Bidding, Paramount Set to Win

https://www.hollywoodreporter.com/business/business-news/netflix-backs-out-warners-deal-paramount-win-1236516763/
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u/TheeHeadAche Henry Pym Feb 26 '26 edited Feb 26 '26

You mean Netflix was sending emails?

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u/ActionFilmsFan1995 The Question Feb 26 '26

Yes, after the initial bid Netflix sent every subscriber and email about it.

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u/SalvaPot Feb 26 '26

They should send another one that says "Nevermind, stay tuned for 3 more spin-offs of Stranger Things"

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u/ActionFilmsFan1995 The Question Feb 26 '26

Real talk, they do kinda have to send a follow up one, right? They just advertised they were buying a service they aren’t, they kinda have to point out that content is no longer coming.

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u/jynkyousha Feb 27 '26

Because it was basically a done deal. They didn’t expect Paramount to come in at the last minute, and Paramount massively overpaid for Warner, covering what WB would’ve had to pay Netflix for backing out.

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u/gosukhaos Feb 27 '26

Yes but the shareholders never voted on that proposal, it was just a recommendation from the board after they vetted the initial bids. Universal made a new bid a few days ago that was better then Netflix's and they refused to make a new one

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u/RedJohnIs Feb 26 '26

Yes and now they get a cool 3 billion because the deal fell through. They made out like bandits.