Shares of Walt Disney Co (NYSE:DIS) and Netflix Inc (NASDAQ:NFLX) are trading lower Friday, possibly pressured by reports that a Paramount Skydance Corp (NASDAQ:PSKY) group is preparing a bid for Warner Bros. Discovery Inc (NASDAQ:WBD). The news could sparked a threat for the streaming industry leaders.
What To Know: A primary concern is the creation of a new media juggernaut. A successful deal would combine WBD's powerhouse assets like HBO, DC Comics and Harry Potter with Paramount's library, including "Top Gun," "Mission: Impossible" and the CBS network.
