Paramount was bested by Netflix on Friday in its efforts to buy Warner Bros. Discovery, but it may still appeal directly to WBD shareholders through a hostile takeover offer. Why it matters: Paramount could argue that its all-cash bid of $30 a share is better in terms of both price and the likelihood of regulatory approvals,

But if Netflix acquires Warner Bros., this long-prophesied death may finally arrive, not in the sense that filmmaking will cease but in the sense that Hollywood will become a system that circles a sin...

Netflix said it expects to generate at least $2 billion to $3 billion in annual cost savings by the third year after the deal closes