Before Netflix bought Warner Bros., the streaming giant reportedly had its sights set on another major studio: Disney. According to a new report from Bloomberg, Netflix had previously considered buying Disney, along with a number of other media companies, but had always ultimately decided against it.

Paramount Skydance says the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a possible national security review. Paramount's revised filing with the U.

Netflix attempted to get into the video game business by almost buying one of the biggest developers in the world.

This Friday morning, Netflix announced plans to acquire Warner Bros. in an unprecedented deal valued at $82.7 billion. By fall 2026, when the acquisition is likely to complete, Netflix will own its former rival’s historic film and TV studios,

The move comes as the Supreme Court also appears poised to put antitrust enforcement by the Federal Trade Commission under his control.

On today's 'Daily Variety' podcast, unions and industry groups assemble to fight Netflix's WB-HBO acquisition; Report from the Red Sea Film Festival.

Since Netflix's deal was confirmed last Friday (December 5), Paramount has since launched a cash bid of $100 billion, with the studio stating that Warner Bros. Discovery "never engaged meaningfully" with their previous attempts to negotiate a deal.