Paramount Will Buy Warner Bros. After a $110 Billion Deal

What at first was news that shocked the entertainment world when Netflix announced, on December 5, 2025, that it was going to buy the stu...

Paramount Will Buy Warner Bros. After a $110 Billion Deal

TL;DR

  • Paramount Skydance has finalized its acquisition of Warner Bros. Discovery for $110 billion.
  • The deal surpasses Netflix's earlier offers of approximately $83 billion and $108.4 billion.
  • The combined entity will include Warner Bros. Studios, Paramount Studios, CNN, HBO Max, and Paramount+.
  • Paramount's CEO, David Ellison, stated the acquisition aims to honor legacy while accelerating a next-generation media company vision.