Sports & Entertainment — Paramount Skydance's WBD Acquisition Reshapes Entertainment Landscape as Netflix Exits Bidding War

Sports & Entertainment · 2026-02-27

The entertainment industry faces its most significant consolidation since Disney-Fox, as Paramount Skydance moves to acquire Warner Bros. Discovery in an $83 billion deal after Netflix's strategic withdrawal. This merger would create an entertainment powerhouse with unprecedented scale in content, distribution, and intellectual property. The deal's regulatory scrutiny, particularly from…