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The Independent UK
The Independent UK
National
Lindsey Bahr

What Paramount’s Warner Bros deal means for Hollywood after major acquisition

Paramount Warner Bros Warner Netflix Hollywood Maggie Gyllenhaal Warner Bros Discovery Cinema United Disney Paramount Skydance
The U.S. Department of Justice has already initiated reviews into the deal - (Justin Sullivan/Getty Images)

Two of Hollywood’s oldest studios may be consolidating into one. In a shocking twist after a monthslong bidding war, Paramount has emerged as the apparent victor in the fight to acquire Warner Bros.

Netflix, who backed away from the deal Thursday, had hoped to win the movie studio and its vast film library. Paramount wants it all: Movies, cable networks and news.

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