Netflix's co-CEOs projected confidence about closing Netflix's takeover of Warner Bros. and HBO Max despite Paramount's hostile bid for the studio.

Warner Bros. has a history of disastrous mergers and acquisitions. Can they avoid another bad sequel as Netflix and Paramount battle to buy it?

FILE - The Discovery Communications logo atop its headquarters in Silver Spring, Md, July 31, 2017. (AP Photo/Manuel Balce Ceneta, File) (Manuel Balce Ceneta ...

While the vast majority of the focus around Hollywood will be on Netflix owning HBO, DC Studios, Harry Potter and one of the most cherished movie libraries (which one exec called like a “futuristic sci-fi movie where one place delivers all entertainment”), the deal will also essentially recreate Discovery Communications with a few more networks.

Netflix has entered exclusive talks with Warner Bros. Discovery to acquire the company’s film and television studio, as well as the HBO Max streaming service, Variety confirms. The development comes after a weeks-long bidding war for the assets at Warner Bros.

NEW YORK — Warner Bros. Discovery — the home of HBO, CNN and DC Studios — has signaled that it may be open to selling all or parts of its business, just months after announcing plans to split into two companies. In an announcement Tuesday, the ...

Warner Bros. Discovery originally planned to break up its businesses until acquisition offers appeared in October. Paramount Skydance is one of Warner Bros. Discovery's most aggressive suitors with three offers submitted. Warner Bros. Discovery is ...

Netflix co-CEOs Greg Peters and Ted Sarandos sought in a letter to tamp down concerns that the streaming giant is not committed to the movie business.