{"id":236557,"date":"2025-12-26T10:15:00","date_gmt":"2025-12-26T15:15:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=236557"},"modified":"2025-12-29T07:02:09","modified_gmt":"2025-12-29T12:02:09","slug":"how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\/","title":{"rendered":"How Netflix, Paramount Sparked A $108 Billion Media War For Warner Bros. Discovery"},"content":{"rendered":"\n<p>The sale of HBO-owner&nbsp;<strong>Warner Bros. Discovery&nbsp;<\/strong><a href=\"https:\/\/www.benzinga.com\/quote\/WBD\" target=\"_blank\" rel=\"noreferrer noopener\">(NASDAQ:<\/a><a href=\"https:\/\/www.benzinga.com\/quote\/WBD\" target=\"_blank\" rel=\"noreferrer noopener\">WBD<\/a>)&nbsp;has become the entertainment and streaming industry\u2019s Game of Thrones, with&nbsp;<strong>Netflix Inc<\/strong>&nbsp;<a href=\"https:\/\/www.benzinga.com\/quote\/NFLX\" target=\"_blank\" rel=\"noreferrer noopener\">(NASDAQ:<\/a><a href=\"https:\/\/www.benzinga.com\/quote\/NFLX\" target=\"_blank\" rel=\"noreferrer noopener\">NFLX<\/a>)&nbsp;and&nbsp;<strong>Paramount Skydance<\/strong>&nbsp;<a href=\"https:\/\/www.benzinga.com\/quote\/PSKY\" target=\"_blank\" rel=\"noreferrer noopener\">(NASDAQ:<\/a><a href=\"https:\/\/www.benzinga.com\/quote\/PSKY\" target=\"_blank\" rel=\"noreferrer noopener\">PSKY<\/a>)&nbsp;battling for control.<\/p>\n\n\n\n<p>Warner Bros.\u2019 decision to favor&nbsp;<a href=\"https:\/\/www.benzinga.com\/m-a\/25\/12\/49228201\/netflix-to-acquire-warners-bros-discovery-in-massive-82-7-billion-deal-nflx-stock-falls-over-2-wbd-gains-3-in-premarket\" target=\"_blank\" rel=\"noreferrer noopener\">Netflix\u2019s $82.7 billion offer<\/a>&nbsp;triggered a $108 billion&nbsp;<a href=\"https:\/\/www.benzinga.com\/m-a\/25\/12\/49265897\/cash-is-still-king-paramount-ceo-david-ellison-throws-108-billion-all-cash-bid-to-wbd-shareholders\" target=\"_blank\" rel=\"noreferrer noopener\">hostile takeover bid<\/a>&nbsp;from Paramount for the company&#8217;s entire slate of media assets. The&nbsp;<strong>Larry Ellison<\/strong>-backed media firm, run by his son&nbsp;<strong>David Ellison<\/strong>, has urged Warner shareholders to sell their shares to Paramount.<\/p>\n\n\n\n<p>Here\u2019s an updated timeline of what has happened so far\u2014<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dec. 22, 2025<\/strong>: Larry Ellison, worth more than $240 billion, is backing Paramount&#8217;s bid with a $40.4 billion personal guarantee. The amended offer follows Warner&#8217;s sharp criticism of Paramount&#8217;s $30-per-share proposal, which cited financing opacity and execution risk. Paramount urged shareholders to tender by Jan. 21 and raised its reverse termination fee to $5.8 billion<\/li>\n\n\n\n<li><strong>Dec. 17<\/strong>: Warner Bros.\u00a0<a href=\"https:\/\/www.benzinga.com\/markets\/large-cap\/25\/12\/49450373\/inferior-and-risky-warner-bros-tells-shareholders-to-shun-paramount-skydance-offer\" target=\"_blank\" rel=\"noreferrer noopener\">formally rejects Paramount\u2019s hostile bid<\/a>, accusing the Ellison family of failing to put money into the deal, and concludes the Netflix offer is far superior<\/li>\n\n\n\n<li><strong>Dec. 16<\/strong>: President\u00a0<strong>Donald Trump<\/strong>\u2018s son-in-law,\u00a0<strong>Jared Kushner<\/strong>, whose private equity firm had promised $200 million,\u00a0<a href=\"https:\/\/www.benzinga.com\/markets\/tech\/25\/12\/49439613\/jared-kushners-affinity-partners-pulls-out-of-warner-bros-takeover-fight-report\" target=\"_blank\" rel=\"noreferrer noopener\">withdraws from Paramount&#8217;s<\/a>\u00a0bidding team.<\/li>\n\n\n\n<li><strong>Dec. 15<\/strong>: Netflix seeks to soothe its staff\u2019s concerns and defends Warner Bros deal as a \u201cwin\u201d.<\/li>\n\n\n\n<li><strong>Dec. 10<\/strong>: Trump weighs in,\u00a0<a href=\"https:\/\/www.benzinga.com\/news\/politics\/25\/12\/49326233\/trump-slams-cnn-as-disgrace-demands-network-be-sold-in-wake-of-warner-bros-discovery-deal\" target=\"_blank\" rel=\"noreferrer noopener\">slamming CNN as a \u201cdisgrace,\u201d<\/a>\u00a0and demands the news network be sold in the deal. That same day, Paramount CEO David Ellison sent a letter to Warner Bros. Discovery shareholders offering $30 per share in cash, arguing Paramount and partner\u00a0<strong>RedBird Capital<\/strong>\u00a0were best positioned to create long-term value.<\/li>\n\n\n\n<li><strong>Dec. 8<\/strong>: Paramount launches the $108 billion hostile bid, with Ellison saying Warner Bros never responded to Paramount\u2019s offer.<\/li>\n\n\n\n<li><strong>Dec. 5<\/strong>: Netflix announces a deal to buy Warner Bros.<\/li>\n\n\n\n<li><strong>Dec. 1<\/strong>: Three bidders, Netflix, Comcast (NASDAQ:<a href=\"https:\/\/www.benzinga.com\/quote\/CMCSA\" target=\"_blank\" rel=\"noreferrer noopener\">CMCSA<\/a>), and Paramount, submit detailed offers, including details about their financing. Comcast proposes combining its NBCUniversal media company with Warner Bros. and HBO; Netflix improves its offer for the studios and HBO. Paramount increases its offer to $26.50 a share. Ellison\u2019s company had submitted several offers before this.<\/li>\n\n\n\n<li><strong>Nov. 20<\/strong>: The\u00a0<a href=\"https:\/\/www.benzinga.com\/m-a\/25\/11\/48970821\/hollywood-braces-for-epic-bidding-war-as-paramount-comcast-and-netflix-eye-warner-bros-discovery-who-will-call-cut\" target=\"_blank\" rel=\"noreferrer noopener\">three bidders submit first-round offers<\/a>\u00a0for Warner Bros. Discovery.<\/li>\n<\/ul>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted December 26, 2025 &#8211; <a href=\"https:\/\/www.benzinga.com\/m-a\/25\/12\/49592049\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\">How Netflix, Paramount Sparked A $108 Billion Media War For Warner Bros. Discovery<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The sale of HBO-owner Warner Bros. Discovery (NASDAQ:WBD) has become the entertainment and streaming industry\u2019s Game of Thrones, with Netflix Inc (NASDAQ:NFLX) and Paramount Skydance (NASDAQ:PSKY) battling for control.<\/p>\n","protected":false},"author":1720,"featured_media":235596,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[6,8,22,26,3],"tags":[],"contributors-categories":[13584],"class_list":{"0":"post-236557","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-north-america","8":"category-region","9":"category-stocks","10":"category-text-articles","11":"category-traders-insight","12":"contributors-categories-benzinga"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Netflix, Paramount Sparked A $108 Billion Media War For Warner Bros. Discovery<\/title>\n<meta name=\"description\" content=\"The sale of HBO-owner Warner Bros. Discovery (NASDAQ:WBD) has become the entertainment and streaming industry\u2019s Game of Thrones, with Netflix Inc...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/236557\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Netflix, Paramount Sparked A $108 Billion Media War For Warner Bros. Discovery | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"The sale of HBO-owner Warner Bros. Discovery (NASDAQ:WBD) has become the entertainment and streaming industry\u2019s Game of Thrones, with Netflix Inc (NASDAQ:NFLX) and Paramount Skydance (NASDAQ:PSKY) battling for control.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-26T15:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-29T12:02:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/12\/video-streaming-featured-img.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eva Mathew\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eva Mathew\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Eva Mathew\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/f2fa2c39d81c0926e8254664f54b4215\"\n\t            },\n\t            \"headline\": \"How Netflix, Paramount Sparked A $108 Billion Media War For Warner Bros. Discovery\",\n\t            \"datePublished\": \"2025-12-26T15:15:00+00:00\",\n\t            \"dateModified\": \"2025-12-29T12:02:09+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\\\/\"\n\t            },\n\t            \"wordCount\": 398,\n\t            \"commentCount\": 0,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/12\\\/video-streaming-featured-img.jpg\",\n\t            \"articleSection\": [\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Stocks\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\\\/\",\n\t            \"name\": \"How Netflix, Paramount Sparked A $108 Billion Media War For Warner Bros. Discovery | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/12\\\/video-streaming-featured-img.jpg\",\n\t            \"datePublished\": \"2025-12-26T15:15:00+00:00\",\n\t            \"dateModified\": \"2025-12-29T12:02:09+00:00\",\n\t            \"description\": \"The sale of HBO-owner Warner Bros. Discovery (NASDAQ:WBD) has become the entertainment and streaming industry\u2019s Game of Thrones, with Netflix Inc (NASDAQ:NFLX) and Paramount Skydance (NASDAQ:PSKY) battling for control.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/12\\\/video-streaming-featured-img.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/12\\\/video-streaming-featured-img.jpg\",\n\t            \"width\": 1000,\n\t            \"height\": 563\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/f2fa2c39d81c0926e8254664f54b4215\",\n\t            \"name\": \"Eva Mathew\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/eva1mathew\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How Netflix, Paramount Sparked A $108 Billion Media War For Warner Bros. Discovery","description":"The sale of HBO-owner Warner Bros. Discovery (NASDAQ:WBD) has become the entertainment and streaming industry\u2019s Game of Thrones, with Netflix Inc...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/236557\/","og_locale":"en_US","og_type":"article","og_title":"How Netflix, Paramount Sparked A $108 Billion Media War For Warner Bros. Discovery | IBKR Campus US","og_description":"The sale of HBO-owner Warner Bros. Discovery (NASDAQ:WBD) has become the entertainment and streaming industry\u2019s Game of Thrones, with Netflix Inc (NASDAQ:NFLX) and Paramount Skydance (NASDAQ:PSKY) battling for control.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\/","og_site_name":"IBKR Campus US","article_published_time":"2025-12-26T15:15:00+00:00","article_modified_time":"2025-12-29T12:02:09+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/12\/video-streaming-featured-img.jpg","type":"image\/jpeg"}],"author":"Eva Mathew","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Eva Mathew","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/stocks\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/stocks\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\/"},"author":{"name":"Eva Mathew","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/f2fa2c39d81c0926e8254664f54b4215"},"headline":"How Netflix, Paramount Sparked A $108 Billion Media War For Warner Bros. Discovery","datePublished":"2025-12-26T15:15:00+00:00","dateModified":"2025-12-29T12:02:09+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/stocks\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\/"},"wordCount":398,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/stocks\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/12\/video-streaming-featured-img.jpg","articleSection":["North America","Region","Stocks","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/stocks\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/stocks\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/stocks\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\/","name":"How Netflix, Paramount Sparked A $108 Billion Media War For Warner Bros. Discovery | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/stocks\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/stocks\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/12\/video-streaming-featured-img.jpg","datePublished":"2025-12-26T15:15:00+00:00","dateModified":"2025-12-29T12:02:09+00:00","description":"The sale of HBO-owner Warner Bros. Discovery (NASDAQ:WBD) has become the entertainment and streaming industry\u2019s Game of Thrones, with Netflix Inc (NASDAQ:NFLX) and Paramount Skydance (NASDAQ:PSKY) battling for control.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/stocks\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/securities\/stocks\/how-netflix-paramount-sparked-a-108-billion-media-war-for-warner-bros-discovery\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/12\/video-streaming-featured-img.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/12\/video-streaming-featured-img.jpg","width":1000,"height":563},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/f2fa2c39d81c0926e8254664f54b4215","name":"Eva Mathew","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/eva1mathew\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/12\/video-streaming-featured-img.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/236557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/1720"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=236557"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/236557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/235596"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=236557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=236557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=236557"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=236557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}