Netflix Backs Out of Warner Bros. Bidding, Paramount Set to Win

Netflix Backs Out of Warner Bros. Bidding, Paramount Set to Win

The Hollywood Reporter business

Key Points:

  • In a stunning twist, Netflix is declining to raise its bid for Warner Bros., positioning David Ellison’s Paramount as the winner in the battle for the fabled studio.
  • Netflix co-CEOs Ted Sarandos and G

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