New Delhi: In a stunning Hollywood shake-up, Warner Bros Discovery has sealed a massive Rs
110000000000 deal to be bought by Paramount Skydance, just as Netflix stepped back from the race.

This mega-merger promises a powerhouse studio blending iconic franchises like Harry Potter, DC Universe, and Mission Impossible. Streaming wars heat up as traditional TV giants fight to survive—get ready for big changes in movies and shows by late 2026.

Warner Bros Discovery agreed to the acquisition by Paramount Skydance in a deal with an equity value of $81 billion, expected to close in the third quarter of 2026. The companies announced this in a joint statement on Friday, following a town hall where Warner Bros confirmed the final details. According to Reuters, Warner Bros executives finalised contracts from Paramount after two days of non-stop talks.

Netflix had been the top contender for months, offering $27.75 per share for Warner Bros’ studio and streaming assets in an $83 billion deal. But Paramount topped it with a $31-per-share bid for the entire company, giving Netflix four days to counter—which it refused. “Warner Bros received the contracts from Paramount on Saturday,” Reuters reported, noting the streaming giant bowed out on Thursday.

The new entity will control over 15,000 films, TV shows, and streaming titles, including Game of Thrones, CNN, and CBS networks. It aims to compete fiercely in streaming by pulling audiences from linear TV. The combined studio pledges to keep both brands alive and release at least 30 theatrical films each year. Shareholders will vote in early spring 2026.

This blockbuster union could redefine Hollywood, boosting content firepower amid industry shifts.