Netflix wants to buy Warner Bros. and HBO, but Paramount refuses to go away, launching a hostile bid. Here's a timeline of key developments.

The streamer's co-CEO made a surprise appearance at a Tuesday night event in Paris, organized by Canal+ Group.

Warner Bros. and Netflix leaders put on a show of force Wednesday when Netflix co-CEOs paid a visit to the Warner Bros. lot in Burbank.

No major media company should be allowed to acquire Warner Bros Discovery, one producer/film financier and former studio executive argues.

How is the ongoing ownership battle over Warner Bros. tied to Nashville? The Ellison family's involvement is key.

Going into 2026, investors should monitor operating margin trends, cash flow generation, and commentary on content investment efficiency. Any sign that Netflix is losing discipline could signal pressure ahead. Netflix enters 2026 with an enormous opportunity and equally significant risk.

Viacom and Paramount chief is as proud of his new book as he is aghast at MTV leadership. "They've run it into the ground over the last 15 years."

(Photo: Paramount, Netflix and Warner Bros logos are seen in this illustration taken December 8, 2025. Credit: REUTERS/Dado Ruvic/Illustration)