It’s Official: Netflix Won’t Rescue Warner Bros

Netflix just walked away from its deal with Warner Bros, saying the new price tag makes it a bad investment. This comes after Warner’s board decided Paramount’s offer was better than what Netflix had on the table.

What Happened

Warner’s board announced that Paramount’s bid was superior, and Netflix didn’t hesitate to pull out. The streaming giant said it won’t pay the new price, which it claims makes the deal ‘no longer financially attractive’.

It’s not like Netflix didn’t see this coming. The writing was on the wall when Warner’s board started shopping around for better offers. Now, it seems Paramount is the clear frontrunner to take over Warner Bros.