Netflix drops bid for Warner Bros, clearing way for Paramount takeover

Netflix has backed away from its proposal to buy Warner Bros Discovery, clearing the way for Paramount Skydance to win a months-long battle for one of Hollywood’s most storied studios. Warner Bros, which put itself up for sale last year, on Thursday said Paramount’s latest bid was “superior” to the one from Netflix, which in [...] The post Netflix drops bid for Warner Bros, clearing way for Paramount takeover appeared first on Kahawatungu .