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Streaming Wars Heat Up: Netflix's $83B Bid and More

12/30/2025

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Story summary
  • Netflix launched an $83 billion bid for Warner Bros. Discovery in late 2025.
  • Paramount Skydance countered with a cash offer.
  • Paramount also acquired Bari Weiss' The Free Press for $150 million.
  • Disney announced a $1 billion partnership with OpenAI to integrate its characters into video-generation tools.
  • Warner Bros. Discovery partnered with South Korea's CJ ENM to produce K-dramas for HBO Max.