When it was announced that Netflix had entered into a deal to purchase Warner Bros., it sent a shockwave through the entertainment industry. Nobody knew quite what it meant that the streaming giant was buying a legacy movie studio. But since the announcement, there has been little time to figure out what the future holds, because Paramount, which seemingly lost out on its bid, hasn’t given up.
Paramount launched a hostile takeover bid of Warner Bros. in the days following the announcement of the Netflix deal. It’s been offering more money to shareholders, though Netflix argues Paramount is a much bigger risk. Initially, Netflix CEO Ted Sarandos hadn't seemed to be worried about Paramount, but in a recent comment to Deadline, he appeared a bit annoyed by the whole thing, saying…
