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Paramount must now absorb a troubled asset at a high cost, while Netflix investors seem overjoyed to not have such problems.
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The media company controlled by the Ellisons out-dueled Netflix for control of Warner Bros. Discovery. The next step is making the combined media empires work.
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Warner Bros. Discovery said it's merging with Skydance-owned Paramount after Netflix indicated it would not attempt to best its rival's bid.
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‘Bridgerton' Season 4 Boss on Benedict and Sophie's Happy Ending, That Post-Credits Scene, New Whistledown Mystery and Why She Won't Recast Daphne and Simon VarietyOpinion | How ‘Bridgerton' Lost Its Way - The New York Times The New York TimesWho Is the New Lady Whistledown After that Shocking Bridgerton Season 4 Twist? NetflixAs Francesca in ‘Bridgerton,' Hannah Dodd faces grief: ‘I had to stop myself from crying' Los Angeles Times
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Netflix is ditching a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board deemed a revised bid by Paramount to be superior.
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Streaming company's decision ends months-long battle to buy parent of CNN, HBO and franchises like Harry Potter
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