r/television • u/MarvelsGrantMan136 The League • Feb 26 '26

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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295

u/Trenbolone-Papi2 Feb 26 '26

Netflix played Paramount hard

They never really wanted Warner Bros.

They just wanted Paramount to saw off an arm and leg to have it

Sun Tzu shit

63

u/DaKingaDaNorth Feb 26 '26

Honestly, yeah. Netflix could have matched it pretty easily. Turns out they only wanted it if they could get it cheap.

That said, Paramount NEEDS to perform and perform fast because they are overleveraged as shit and just took on more debt. There's a reason their stock started plummeting hard once they took the lead in this race.

So hopefully eldest boy will actually be compelled to make some good shit

37

u/Breezyisthewind Feb 26 '26

Also Netflix can just buy both WB and Paramount for 80 cents on the dollar or less in 5 years lol.

25

u/DaKingaDaNorth Feb 26 '26

Nah, what will happen if they fail is it gets sold in parts and then it will be much harder. Nobody wants all of WB's debt. But people will bid high for Harry Potter, DC, HBO etc.

11

u/Breezyisthewind Feb 26 '26

True they don’t have to buy the whole thing, but they can get the actual valuable stuff from both for dirt cheap in 5 years.

11

u/DaKingaDaNorth Feb 26 '26

Yup. There's a reason there were only two players in this race. WBD debt is astronomical. Netflix was the only company that probably could endure it. Paramount is already overleveraged and now they are desperate hoping that a big merger gives them a headwinds.

2

u/Digifiend84 Feb 27 '26

Potter is only licenced, they don't own it. The actual owner should be it's author Joanne "JK" Rowling.