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Warner Bros Discovery Sale to Netflix May Be About Blocking CNN from Paramount Skydance

Warner Bros Discovery Sale to Netflix May Be About Blocking CNN from Paramount Skydance

Netflix’s first-glance victory in the Warner Bros. Discovery auction is not just a colossal entertainment deal, it’s also a supposed, decisive defeat for the Ellison family’s ambitions to take control of CNN. Ultimately, the Netflix acquisition of WBD (not yet final and with major hurdles to go), may be a giant political battle over the future of entertainment.

Warner Bros. Netflix Deal Triggers Strict Legal Controls Inside WBD as Employees Warned What They Can—and Cannot—Do

Warner Bros. Netflix Deal Triggers Strict Legal Controls Inside WBD as Employees Warned What They Can—and Cannot—Do

The Warner Bros. Netflix acquisition has entered a new and far more serious phase. An internal communication sent to all Warner Bros. Discovery employees confirms that the Board has officially approved a transaction in which Warner Bros. will be acquired by Netflix, while the remaining WBD operations will form a new standalone company called Discovery Global. This document lays out sweeping legal restrictions now placed on staff as regulators begin scrutinizing one of the biggest entertainment mergers in recent memory.

BREAKING: Warner Bros. Confirms it Has Accepted Offer from Netflix in Internal Memo — Discovery Global Split Still Happening

BREAKING: Warner Bros. Confirms it Has Accepted Offer from Netflix in Internal Memo — Discovery Global Split Still Happening

In a stunning early-morning development, Warner Bros. Discovery employees received a company-wide letter from CEO David Zaslav confirming what the entertainment world has only speculated about: the Board of Directors has officially approved a transaction in which Warner Bros. will be acquired by Netflix.