Just when it seemed that Netflix had clinched the deal to purchase Warner Bros. Discovery, Paramount Skydance Corp. swooped in with a $110 billion counter-offer that was ultimately too good for the studio to pass up.

On today’s Big Take podcast, Bloomberg’s Lucas Shaw and Chris Palmeri take host Sarah Holder inside the behind-the-scenes negotiations that secured the deal for Paramount, how Netflix co-CEO Ted Sarandos explained his company’s decision to walk away –  and the twists and turns that could still be coming in this story as two mega-studios become one. 

Read more: What the Paramount-Warner Merger Means for Hollywood

David Ellison Used Political Ties, Deep Pockets to Buy Warner Bros.Netflix’s Co-CEO Explains Why He Quit the Warner Bros. Fight

Just when it seemed that Netflix had clinched the deal to purchase Warner Bros. Discovery, Paramount Skydance Corp. swooped in with a $110 billion counter-offer that was ultimately too good for the studio to pass up.
On today&rsquo;s Big Take podcast, Bloomberg&rsquo;s Lucas Shaw and Chris Palmeri take host Sarah Holder inside the behind-the-scenes negotiations that secured the deal for Paramount, how Netflix co-CEO Ted Sarandos explained his company&rsquo;s decision to walk away &ndash;&nbsp; and the twists and turns that could still be coming in this story as two mega-studios become one.&nbsp;
Read more:&nbsp;<a href="https://www.bloomberg.com/news/articles/2026-02-27/what-the-paramount-warner-merger-means-for-hollywood?embedded-checkout=true">What the Paramount-Warner Merger Means for Hollywood</a>
<a href="https://www.bloomberg.com/news/articles/2026-02-27/how-david-ellison-outlasted-netflix-in-the-warner-bros-bidding-war?embedded-checkout=true">David Ellison Used Political Ties, Deep Pockets to Buy Warner Bros.</a><a href="https://www.bloomberg.com/news/articles/2026-03-01/netflix-s-co-ceo-explains-why-he-quit-the-warner-bros-fight?embedded-checkout=true">Netflix&rsquo;s Co-CEO Explains Why He Quit the Warner Bros. Fight</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

What Really Happened in the Battle for Warner Bros.

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7ebaab6b-f8f6-4ec5-a2d6-b419014ef3f7/transcript