Resistance is futile: Paramount isn’t going to let Netflix grab ahold of Warner Bros. without a fight.
Casual followers of the entertainment industrial complex may be under the assumption that Netflix’s bid to acquire Warner Bros. is a done deal. But the ink is not dry yet, and the other player on the board, Paramount, is here to remind everyone of that fact. In December, Paramount launched a hostile bidding war, and now it’s introduced a proxy fight and a lawsuit into the proceedings.
As Deadline reports, “David Ellison’s Paramount said it intends to nominate directors for election at the Warner Bros. Discovery 2026 annual meeting to solicit against the approval of the Netflix transaction.”
In addition, “It also filed suit in Delaware Chancery Court seeking disclosure of ‘basic information to enable WBD shareholders to make informed [decisions]’ of whether or not to tender their shares,” which basically means it wants WBD to reveal all the financial details involved in Netflix’s deal.
