Netflix's "Stranger Things" franchise has become one of the biggest cultural touchstones of the streaming era and has solidified the company as not just a competitor, but a leader in the space. As the show rolls out its final season in pieces, it's still drawing huge viewership numbers.
Like a thrilling corporate drama, the battle for Warner Bros Discovery acquired a sensational new subplot last week when, not willing to let go, Paramount Skydance made a comeback with a $108.4 billion all-cash hostile bid for the studio powerhouse, just days after WBD had sealed a deal with Netflix.
Netflix says it must acquire Warner Bros Discovery to compete with YouTube, but antitrust experts doubt regulators will buy that argument. The streaming giant's $72 billion takeover of Warner Bros Discovery's studios and HBO Max will face scrutiny from U.S. and global regulators, given its scale and the combined 428 million subscribers.
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