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Paramount agrees to buy Warner Bros. Discovery, pays Netflix $2.8 billion for breakup

Paramount Skydance and Warner Bros. Discovery have officially merged, with Paramount agreeing to pay Netflix a $2.8 billion termination fee for breaking its original deal to buy Warner Bros. The new company will produce at least 30 theatrical films annually and will have a minimum 45-day window for theatrical releases before bringing them to video on demand. The deal, which values Warner Bros. Discovery at $31 per share, is expected to close by Q3 2026. Paramount Skydance will have to pay a daily ticking fee of $0.25 per share per quarter if the deal is delayed, and $7 billion if the deal is terminated for regulatory reasons. The article notes that the deal will face scrutiny from regulators, both at the federal and state levels, with concerns over the close relationship between Paramount CEO David Ellison and his father, Larry Ellison, and the Trump administration. Netflix, which was initially interested in Warner Bros. proper, has ultimately lost the battle for the studio, but may have gained from a competitor potentially overpaying for the company.

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Mar 17, 2026
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Mar 17, 2026·Fox NewsT2 · Outlet report
Jane Fonda slams Paramount-WBD merger, warns CNN will 'have to cave' to Trump

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and…

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March 2026

1 update
Mar 17, 2026·Fox NewsT2 · Outlet reportLATEST
Jane Fonda slams Paramount-WBD merger, warns CNN will 'have to cave' to Trump

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by…

Read original at Fox News →

February 2026

2 updates
Feb 28, 2026·TechCrunchT2 · Outlet reportKEY MOMENT
Why did Netflix back down from its deal to acquire Warner Bros.?

Netflix has decided to back down from its proposed acquisition of Warner Bros. Discovery, according to a recent report. The decision comes after Netflix co-CEO Ted Sarandos had a meeting with former U.S. President…

Read original at TechCrunch →
Feb 27, 2026·EngadgetT2 · Outlet reportOPENING
Paramount agrees to buy Warner Bros. Discovery, pays Netflix $2.8 billion for breakup

Paramount Skydance and Warner Bros. Discovery have officially merged, with Paramount agreeing to pay Netflix a $2.8 billion termination fee for breaking its original deal to buy Warner Bros. The new company will produce…

Read original at Engadget →

Sources & evidence (3)

What this story stands on. Tier 0 is a primary record or the subject's own words; higher tiers must be attributed, never stated as bare fact.

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T2 · Outlet reportFox NewsMar 17, 2026

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and…

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T2 · Outlet reportTechCrunchFeb 28, 2026

Netflix has decided to back down from its proposed acquisition of Warner Bros. Discovery, according to a recent report. The decision comes after Netflix co-CEO Ted Sarandos had a meeting with former U.S. President Donald Trump, during…

View source →
T2 · Outlet reportEngadgetFeb 27, 2026

Paramount Skydance and Warner Bros. Discovery have officially merged, with Paramount agreeing to pay Netflix a $2.8 billion termination fee for breaking its original deal to buy Warner Bros. The new company will produce at least 30…

View source →

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