Paramount is pushing the regulatory angle hard in the race for Warner Bros. Discovery, insisting it’s the only bidder that “offers a clear path to closing."

The acquisition will include WBD’s film and TV studios, HBO and HBO Max, potentially combining well over 400 million streaming subscribers and a massive library of content.

Netflix announced it will buy Warner Bros. in a $72-billion deal that includes ownership of iconic properties like Harry Potter and the DC Universe.

Comcast president Mike Cavanagh, in a post-mortem of the company's flirtation with buying Warner Bros., said the company's offer was light on cash relative to rivals Netflix and Paramount.

Streaming stocks have long been a favorite among growth-focused investors, especially as global demand for on-demand entertainment continues to rise. Over the past decade, the sector has reshaped how movies and television reach audiences,

The massive deal could mean higher subscription prices, fewer buyers for producers and maybe another merger down the road.

Well, it’s official: Netflix leapfrogged Paramount Skydance and Comcast to become the winning bidder in the battle for the Warner Bros. empire. The news on Friday came with an uneasy sigh of relief for many. Netflix has its problems, the thinking goes, but at least it stops the Ellison family from owning yet another conglomerate.

WBD presented a chronology of events and meetings that occurred, leading to its deal to sell Warner Bros. studios and HBO Max to Netflix, following by David Ellison’s hostile takeover bid and the WBD board’s official rejection of the $30/share bid on Dec.