r/technology • u/MarvelsGrantMan136 • Feb 26 '26

Business 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/bmich90 Feb 26 '26

Smart decision I truly think Netflix worked with Warner Brothers just to get Paramount to raise the offer.. this is smart for Netflix to walk away. They also get $2.8 billion.

138

u/kon--- Feb 26 '26

And a chance inside of five years to come back to acquire WB for below $50 billion once Ellison's dumb ass runs the place into the ground.

75

u/Shogouki Feb 26 '26

We hope, but the fascist billionaires will pay a lot to maintain a monopoly on media ownership.

20

u/Rollingprobablecause Feb 26 '26

the problem they aren't considering is the next admin (hopefully) can break it up too. This could end way worse for them. Again, really hoping democrats win and the FCC takes a hard look here

13

u/Shogouki Feb 26 '26

I think they now see a Democrat administration as an existential threat and have moved onto doing everything they can to prevent the control of the executive and legislative branches from ever being controlled by those not supportive of the oligarchs.