Netflix, already the largest streaming platform with over 325 million subscribers, took a bold step by acquiring Warner Bros.' film and television studios, as well as HBO, HBO Max, and other assets. The deal, announced in early December, will bring together some of the most legendary franchises, such as Game of Thrones, Harry Potter, and DC Comics properties, among others, all under one roof. For years, WBD has struggled under the weight of billions of dollars in debt, compounded by declining cable viewership and fierce competition from streaming platforms. These financial pressures forced the company to consider major strategic changes, including selling its entertainment assets to one of its rivals. 'The bidding process quickly became competitive. Several major players saw the potential in acquiring the media giant. Paramount and Comcast emerged as serious contenders, with Paramount initially viewed as the frontrunner. But ultimately, WBD's board determined that Netflix's offer...
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