"Last Friday, Netflix announced that they would be acquiring Warner Bros. Discovery, a massive megamerger that would let the number one streaming service acquire the third biggest streamer (HBO Max), the entire Warner Bros. film catalog, its cable channels, and the Discovery+ streaming service. But before any shareholders could celebrate, Paramount Skydance, the megaconglomerate led by the Trump-favored Ellison family, launched a hostile takeover. Which company will emerge victorious here...will the biggest loser be the cinephile consumer?"
"Guest: Nitish Pahwa, Slate staff writer covering business and tech. Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking "Try Free" at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen."
Netflix announced plans to acquire Warner Bros. Discovery, combining Netflix with HBO Max, the Warner film catalog, cable channels, and Discovery+. Paramount Skydance, led by the Ellison family, launched a hostile takeover bid that immediately challenged the proposed deal. The confrontation pits the world's largest streamer against a politically connected megaconglomerate in a high-stakes fight over content libraries and streaming assets. The outcome will reshape streaming market shares, control of major film and TV catalogs, and distribution channels. Consumers, particularly cinephiles, may face reduced competition, altered access to films and shows, and potential changes in pricing or content availability.
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