NEW YORK – In a move that marks a tectonic shift for the entertainment industry, Netflix has triumphed in a fierce bidding war to acquire the crown jewels of Warner Bros. Discovery. The $72 billion deal, announced Friday, sees the streaming pioneer pivot from its historic “build, not buy” ethos to become the steward…
LOS ANGELES: Warner Bros. Discovery announced Monday it will separate into two independent, publicly traded companies in a tax-free transaction aimed at maximizing growth potential for its streaming and studio division and its global networks business. The move, expected to be completed by mid-2026, will create Streaming & Studios, housing major entertainment brands like Warner Bros. Television, Warner Bros. Motion Picture…