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Watch live: Netflix and Paramount fight over Warner Bros. Discovery

Ellison headshot
Paramount CEO David Ellison wants to buy Warner Bros. Discovery — but has had his offers rejected multiple times.
  • Netflix and Paramount are battling over Warner Bros. Discovery.
  • Both say they’re the best owner for some of Hollywood’s crown jewels.
  • Scroll down to see BI’s team unpack what the fight means for viewers and media at large, live Thursday at 1:30 p.m. ET.

Hollywood’s latest clash of the titans: Netflix versus Paramount.

The two companies are battling to buy Warner Bros. Discovery (or, in Netflix’s case, just its streaming and studios assets).

The fight pits Paramount’s David Ellison, backed by his father Larry’s billions, against entertainment’s reigning champion of paid streaming.

WBD accepted Netflix’s bid, but it’s far from over, as Paramount went hostile last week with its own $108 billion offer. The WBD board on Wednesday recommended that shareholders reject that hostile offer. Now, it’s Ellison’s move. Will he sweeten his bid?

There are many facets to this story — and why it’s happening now — ranging from politics and antitrust to the rise of the creator economy.

Business Insider’s chief media and tech correspondent, Peter Kafka, and deputy media editor Nathan McAlone will answer the key questions about the deal and its implications, live on Thursday at 1:30 p.m. ET.

Email your questions to Nathan McAlone.

Read the original article on Business Insider

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