Warner Bros gets new offer from Paramount but still recommends Netflix bid
Al Jazeera
February 24, 2026
AI-Generated Deep Dive Summary
Warner Bros Discovery (WBD) is considering a new takeover offer from Paramount Skydance while maintaining its recommendation of Netflix’s competing proposal to its shareholders. Following a seven-day window for renewed negotiations with Paramount, WBD disclosed the revised offer on Tuesday. Although details remain undisclosed, it is widely expected that Paramount has increased its bid, which previously stood at $77.9 billion in cash, or approximately $108 billion when accounting for debt. This comes after Paramount’s hostile approach to acquiring Warner Bros in its entirety, including networks like CNN and HBO Max, just days after Netflix announced its own deal.
The situation highlights the potential reshaping of Hollywood’s media landscape. While Paramount seeks a full acquisition, Netflix is focusing on acquiring only Warner’s studio and streaming business for $72 billion in cash, or around $83 billion including debt. WBD’s board has consistently backed the Netflix proposal, with a shareholder vote scheduled for March 20. If the board deems Paramount’s latest offer superior, Netflix could revise its bid, potentially sparking a new bidding war.
The ongoing negotiations have sparked concerns among lawmakers and industry groups about further consolidation in an already concentrated media landscape. Critics argue that either deal could lead to job losses, reduced diversity in filmmaking, and higher streaming costs for consumers. Antitrust concerns are heightened as both Paramount and Netflix aim to strengthen their market positions: Paramount seeks to create a studio larger than Disney, while Netflix faces accusations of monopolizing the subscription video-on-demand space.
The regulatory landscape is now a pivotal factor, with the U.S. Department of Justice already reviewing both deals. PARAMount has criticized Netflix’s dominance in streaming, while Netflix counters that it competes against broader platforms like YouTube. The outcome of these negotiations could significantly impact the future of media competition and diversity in content creation.
Ultimately, this saga underscores the high stakes involved in consolidating power within an industry increasingly dominated by a few major players. The decision will not only shape Hollywood’s future but also influence consumer choice and access to content globally.
Verticals
worldpolitics
Originally published on Al Jazeera on 2/24/2026