Netflix reaffirms Warner Bros Discovery deal amid Paramount bid, regulatory concerns

• Netflix reaffirms its plan to acquire Warner Bros Discovery assets, including its TV, film studio, and streaming businesses, for a $72 billion equity transaction.
• The decision stands despite a rival $108.4 billion bid from Paramount (backed by Skydance) and growing regulatory scrutiny.
• Netflix co-CEOs informed employees that the deal would enable the company to enter theatrical distribution, leveraging Warner Bros' legacy in cinemas.
• Netflix expresses confidence in securing regulatory approvals, arguing the acquisition is necessary to compete with platforms like YouTube.
• The company reassured employees that the transaction would not lead to studio closures, addressing industry fears about layoffs.

Why It Matters: Netflix's bold move signals major shifts in media and content competition.