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← The Journal.

Inside the Nasty Fight to Take Over Hollywood

March 5, 2026·17m

After a months-long bidding war, Paramount Skydance has secured a deal to acquire Warner Bros. Discovery, snatching the media giant away from Netflix. WSJ’s Joe Flint breaks down how Paramount CEO David Ellison pulled off the $81 billion takeover and what this debt-heavy merger means for the future of entertainment and news. Jessica Mendoza hosts. Further Listening: - The Man Who Wants Netflix to Save Hollywood - She Swore Off Legacy Media. Now She's Running CBS News.