The Story One big Hollywood drama
Dec 11, 2025
Kevin Maher, Chief film critic at The Times, shares insights on Warner Bros.' iconic status and its legacy films. He discusses the significance of recent hits like Barbie and Joker while revealing corporate reasons behind the potential sale. Louisa Clarence-Smith, US business editor at The Times, explores the bidding war between Netflix and Paramount, detailing their differing strategies and the political implications of such a takeover. Both guests express concerns over how ownership changes might impact film history and the creative landscape.
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Why Netflix Wants Warner Assets
- Netflix's proposed deal targets HBO and studio assets to create a dominant global streaming player.
- Acquiring Warner's catalogue would give Netflix long-term control over many legacy titles.
Paramount's Hostile $108bn Bid
- Paramount Skydance launched a hostile $108bn bid for the whole Warner company including cable channels.
- Their offer contrasted with Netflix by seeking the entire company rather than a carve-out.
Who's Behind Paramount Skydance
- David Ellison leads Paramount Skydance, backed by wealthy and politically connected investors including Jared Kushner-linked Affinity.
- Ownership raises questions about political influence and concentration of soft power in media.