Why Netflix Is a Much Better Choice Than Paramount in the Fight for Control of Warner Bros.
When news broke that Netflix struck a deal to buy Warner Bros.’ streaming and studio businesses, the Hollywood internet immediately split into two camps: Those terrified of yet another mega-consolidation, and those convinced Netflix was the only buyer with the infrastructure, global reach, and runway to keep a legacy giant afloat. Paramount, which had attempted an eleventh-hour all-cash bid of $30 a share, positioned itself as the more “traditional” steward — but Warner Bros. still chose Netflix’s mix of cash and stock, despite the lower up-front number.
