Netflix has emerged as the victor in the bid for Warner Bros Discovery, acquiring their movie and TV studios along with HBO Max for about $82.7 billion. The deal, if approved, could disrupt Netflix’s business model. Paramount Skydance also made a bid, but Netflix’s predominantly cash offer won out. Paramount grew concerned that their bid was being snubbed, leading to a letter of complaint. The acquisition would mark a major shift for Netflix, as they typically keep their content on their own platform. This move signals a departure from their usual strategy of building rather than buying.

Read more at Yahoo Finance: Netflix Is Buying Warner Bros. So Who Changes Whom?