Netflix vs. Paramount: Inside the Epic Battle Over Warner Brothers

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December 9, 2025

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Netflix announced plans on Friday to acquire Warner Bros. Discovery’s studio and streaming business, in a deal that would send shock waves through Hollywood.

On Monday, Paramount made a hostile bid for the studio, arguing that the Netflix deal would be “anti-competitive.”

The Times journalists Nicole Sperling, Kyle Buchanan and Lauren Hirsch discuss what it all means for the future of TV and film.

Guest:

• Nicole Sperling () , a New York Times reporter in Los Angeles who covers Hollywood and the streaming revolution.

• Kyle Buchanan () , a pop culture reporter and the awardsseason columnist for The New York Times.

• Lauren Hirsch () , a New York Times reporter who covers the biggest stories on Wall Street, including mergers and acquisitions.

Background reading:

• Netflix planned to buy Warner Bros. () Discovery () in $83 billion deal to create a streaming giant.

• Paramount made a hostile bid () for Warner Bros. Discovery.

Photo: Aleksey Kondratyev for The New York Times

For more information on today’s episode, visit nytimes.com/thedaily () . Transcripts of each episode will be made available by the next workday.

Subscribe today at nytimes.com/podcasts () or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

Guests & Subjects Covered

Netflix vs. ParamountWarner Bros DiscoverysHollywood On Monday ParamountThe TimesNicole Sperling Kyle BuchananLauren HirschNicole SperlingNew York Times

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Netflix vs. Paramount: Inside the Epic Battle Over Warner Brothers · New York Times Podcasts · Sentinel