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French Cinema Boss Addresses WBD-Netflix Deal As Execs At Red Sea Film Festival Take Stock: “You Can’t Have Your Cake & Eat It”

Netflix's $82.7 billion acquisition of Warner Bros. Discovery will reduce competition and likely increase subscription costs, pressuring rivals like Comcast and Paramount to consider mergers.

Summary by Deadline
A week ago, Saudi Arabia was reportedly part of a Paramount Skydance bid to acquire Warner Bros Discovery. The country’s ambition to own a piece of the Hollywood studio was dashed on Friday by Netflix winning the bidding process with a $72 billion offer, but the deal was very much a talking point at its […]

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Truth on the Market broke the news in on Friday, December 5, 2025.
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