Netflix, Paramount and Warner Bros.
Digest more
The media company formally rejected a hostile takeover bid by Paramount and questioned the purported political advantages held by its unwanted suitor.
Netflix plans to keep Warner Bros. independent and the teams heading the studios (like DC Studios' James Gunn and Peter Safran) in charge.
Netflix has made waves in entertainment with its deal to acquire Warner Bros. The streaming giant announced on December 5 that it had reached an agreement to purchase Warner Bros.