Netflix will reportedly acquire Warner Bros. Discovery later this year for an all-cash transaction of $83 billion. Despite hostile bids from rival studio Paramount Pictures, the deal will supposedly

Ancora has built a roughly $200 million stake in Warner Bros. Discovery and favors a deal with David Ellison’s Paramount Skydance.

Further consolidation is in the future, too. Disney is on track to fully merge Hulu within the Disney Plus app by the end of this year. Paramount, which has been fighting for months to wrestle Warner Bros. away from Netflix, is also rumored to merge its Paramount Plus streaming service with Peacock.

Disney currently has a deal with Warner Bros Discovery to offer a bundle in the United States, offering Disney+, Hulu and HBO Max at a discounted rate. If Netflix decides to eventually close down HBO Max, moving all of its content into Netflix, this bundle’s future is now in question.

Feb 10 (Reuters) - Activist investor Ancora Holdings has built a roughly $200 million stake in Warner Bros Discovery and plans to oppose Warner's deal to sell its prized TV and film assets to Netflix,

Paramount has enhanced its offer for Warner Bros. Discovery with a $0.25 per share so called “ticking fee" payable to WBD shareholders for each quarter its transaction has not closed beyond December 31,

On the red carpet for the DGA Awards Saturday night, Netflix co-CEO Ted Sarandos addressed the proposed Netflix-Warner Bros. merger and President Donald Trump’s possible role in the deal. Asked by Variety‘s Marc Malkin if it makes him nervous when the President says he’s watching the deal,

While Netflix and Paramount fight for Warner Bros. Discovery, California lawmakers are concerned about where the acquisition will leave Hollywood's workforce.