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By opening up a sales process that drove WBD into Netflix's arms, Paramount could find itself left in the dust by what would be a far larger streaming rival.
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The cash-and-stock deal would give the world's largest paid streaming service expansive power over theater owners and entertainment-industry unions.
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Netflix, which has traditionally limited it theatrical releases, has said it will honor existing WBD cinematic contracts that run through 2029.
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Stock Market News, Dec. 5, 2025: Warner Bros. Rallies on Netflix Deal; Paramount Slides The Wall Street JournalMixed day for global stocks as market digest huge Netflix deal Yahoo FinanceWall Street Processes Netflix-WB Deal: WBD Stock Up Slightly, Paramount And Netflix Shares Slump DeadlineTop Stock Movers Now: Ulta Beauty, Salesforce, Paramount Skydance, and More InvestopediaStock market rise ahead of inflation gauge; Netflix to acquire Warner Bros. Discovery (DJI:)
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After a week with no titles with a billion viewing minutes, Netflix delivered.
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