Netflix Backs Out Of Warner Bros. Deal, Clearing The Path For Paramount’s Controversial Takeover

Essence Magazine:

LOS ANGELES, CALIFORNIA – DECEMBER 05: An aerial view of the Netflix logo displayed at Netflix studios, with the Hollywood sign in the distance, on December 5, 2025 in Los Angeles, California. Netflix and Warner Bros. Discovery, Inc. have announced an $82.7 billion deal for Netflix to acquire Warner Bros. film and TV studios, HBO Max, and HBO. (Photo by Mario Tama/Getty Images) By Andrea Bossi ·Updated February 28, 2026

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