The acquisition of Warner Bros Discovery by streaming giant Netflix has been the biggest piece of ongoing entertainment news of 2026 so far, and there's an unexpected new twist in the tale, which has brought that deal crashing down.
After controversial talks of limited theatrical runs and a concern that Netflix could be building a streaming monopoly, the DVD-rental-service-turned-streaming-giant has pulled out of the deal altogether after a counteroffer by Paramount Skydance to the tune of $111 billion (approximately £82 billion, or AU$115 billion).
