Global entertainment is about to change amid the Netflix vs Paramount bidding war over Warner Bros Discovery. Here's everything to know.

As Netflix and Paramount fight for Warner Bros. Discovery, the fate of the giant media company could rest on the value of its cable networks.

The real story of the fight for Warner Bros. Discovery is viewers shifting from studios to tech platforms, impacting how and what you watch.

As the war over Warners intensifies, Ted Sarandos and David Ellison are both vying to become the last monarch of a fading Hollywood. But the real kingmaker may turn out to be the Don in the White House.

Netflix’s historic Warner Bros. acquisition will transform Hollywood and the streaming wars, raises antitrust questions and puts major franchises like DC and 'Stranger Things' under one roof.

Hollywood has unleashed a wave of fear that the Netflix acquisition of Warner Bros will further erode the struggling movie business

SAG-AFTRA, WGA and the Directors Guild have chimed in on Netflix’s proposed $82.7 billion takeover of Warner Bros., and none is anticipating a happy ending.

But the studio did not have much time to celebrate. Just as actors Marlon Wayans and Skye P. Marshall were calling the names of Golden Globe nominees at a news conference at the Beverly Hilton, Paramount launched a hostile takeover bid for WBD valued at more than $108 billion.

"Everyone's just like, 'how is David Zaslav going to make so much money when he ran the company into the ground?'" says a studio executive. "The unjustness of that, when all these people are going to be out of work—it should be illegal.

The demise of Hollywood has been predicted many times. If Netflix is allowed to acquire Warner Bros., it might actually happen.