Searxng/Tim Richards Movie Warner Bros. Discovery in a bidding war: Netflix vs. Paramount vie for control in a $82.7B deal reshaping Hollywood's future. March 9, 2026 AceShowbiz - Warner Bros. Discovery (Warner Bros. Discovery) is currently at the center of a fierce acquisition contest between two of the entertainment industry's giants: Paramount and Netflix. Both companies are vying to take control of this major Hollywood production powerhouse, sparking intense negotiations and strategic offers that could transform the future of cinema and streaming.