Netflix Says Nevermind to Warner Bros., Ceding Spoils to Paramount

Netflix Says Nevermind to Warner Bros., Ceding Spoils to Paramount

If approved by regulators, David Ellison's latest megabucks acquisition will give Paramount the richest sports portfolio this side of ESPN.

And just like that, Netflix has bowed out of its pursuit of Warner Bros. Discovery’s streaming and studio assets. Late Thursday, the streaming colossus announced that it has decided against raising … [+7051 chars]