content="width=device-width, initial-scale=1.0"> Netflix backs out of bid for Warner Bros. Discovery, giving studios, HBO, and CNN to Ellison-owned Paramount — CultureTerminal
← Back to feed Music & Entertainment

Netflix backs out of bid for Warner Bros. Discovery, giving studios, HBO, and CNN to Ellison-owned Paramount

TechCrunch / 26 February 2026 / 26m ago
Netflix backs out of bid for Warner Bros. Discovery, giving studios, HBO, and CNN to Ellison-owned Paramount
Culture Index
91
Score Breakdown
Relevance
21/25
Freshness
25/25
Authority
22/20
Brand Signal
18/15
Depth
5/15
5-Axis Cultural Radar
Relevance Freshness Authority Brand Depth
In a one-two punch of centibillion-dollar offers, the bidding war for Warner Bros. Discovery is over. David Ellison-owned Paramount will acquire Warner Bros. Discovery. Netflix has lost.
Read Full Article → TechCrunch ↗

More in Music & Entertainment

Techmeme

Netflix walks away from a deal to buy WBD's studio and streaming assets after WBD deemed Paramount's $31/share bid to be superior; NFLX up 9%+ after hours (CNBC)

84
Consequence of Sound

Paramount Set to Acquire Warner Bros. as Netflix Declines to Match Counteroffer

82
IndieWire

‘DTF St. Louis’ Review: HBO’s Stellar Suburban Murder-Mystery Is More Than Meets the Eye

74