Do these 3 things before closing this tab:
1Repair Windows errors before they cause bigger problems2Scan for outdated or missing drivers - takes under a minute3Clear out junk files and repair common Windows errorsNetflix did not buy Warner Bros. Discovery (WBD). Its proposed deal fell through, and Paramount Skydance completed its acquisition of WBD on October 6, 2026. The combined company is called Skydance. Its portfolio includes Paramount Pictures, Warner Bros. Pictures, New Line Cinema, DC Studios, CBS Studios, Warner Bros. Television and Skydance’s own film, television and game operations.
Did Netflix buy Warner Bros.?
No. Netflix and WBD had negotiated a proposed transaction for Warner Bros.’ studio and streaming assets, including HBO and HBO Max, after a planned separation of Discovery Global. In February 2026, WBD’s board determined that Paramount Skydance’s proposal was superior. Netflix said it would not raise its offer, and WBD terminated the Netflix agreement on February 27, 2026, when it entered into an agreement with Paramount Skydance. WBD’s SEC filing records a $2.8 billion termination fee paid to Netflix in connection with that termination.
| # | Preview | Product | Price | |
|---|---|---|---|---|
| 1 |
![10 Best Pictures: The Essential Collection [Blu-Ray]](https://m.media-amazon.com/images/I/51rIx9b6kLL._SL160_.jpg)
|
10 Best Pictures: The Essential Collection [Blu-Ray] | $21.49 | Buy on Amazon |
| 2 |
![Star Trek : The Motion Picture [blu_ray] [2022]](https://m.media-amazon.com/images/I/51OuE0bpDhL._SL160_.jpg)
|
Star Trek : The Motion Picture [blu_ray] [2022] | $12.48 | Buy on Amazon |
| 3 |
|
Paramount Presents: Ghost | $13.53 | Buy on Amazon |
| 4 |
|
Star Trek 1 - 6 (The Original Motion Picture Collection) (Blu-ray) | $29.83 | Buy on Amazon |
| 5 |
![Star Trek : The Motion Picture [blu_ray] [2024]](https://m.media-amazon.com/images/I/41inMkAzwxL._SL160_.jpg)
|
Star Trek : The Motion Picture [blu_ray] [2024] | $34.99 | Buy on Amazon |
Paramount Skydance closed its acquisition of WBD on October 6, 2026, and announced that the combined company would be named Skydance. The completed deal was therefore Paramount Skydance’s acquisition of WBD—not a Netflix-Warner Bros. merger.
Which studios are under Skydance now?
The named film and television studios span the legacy Paramount and WBD businesses as well as Skydance’s operations. Their inclusion under common ownership does not mean the labels have been dissolved or combined into one studio.
Quick wins for a faster PC:
Scan for outdated or missing drivers - takes under a minuteDriver Scan →Repair Windows errors before they cause bigger problemsFix Now →Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →#1 Best Overall
- 10 Best Pictures: The Essential Collection [Blu-Ray]
| Studio or operation | What it represents in the portfolio |
|---|---|
| Paramount Pictures | Paramount’s film studio |
| Warner Bros. Pictures | WBD’s film studio |
| New Line Cinema | Film studio within the Warner Bros. portfolio |
| DC Studios | Studio associated with DC’s screen productions |
| CBS Studios | Television studio |
| Warner Bros. Television | Television studio |
| Skydance film and television operations | Skydance’s existing production businesses |
The portfolio also includes Warner Bros. Games and Skydance’s game-development businesses, alongside the companies’ broader libraries, networks and consumer-facing brands.
Which networks, services and franchises are included?
The combined business extends well beyond production studios. The following is a representative inventory reported after the close; it is not a title-by-title statement of ownership or licensing rights.
Rank #2
- Genre: Science Fiction
- Number of Discs: 2
- Playback Duration: 145
- Rating: PG
- Director: Robert Wise
- Streaming: HBO Max, Paramount+, discovery+ and Pluto TV.
- Broadcast and news: CBS and its owned local stations, CNN and CBS News.
- Entertainment and cable networks: HBO, Showtime, Cinemax, TNT, TBS, Turner Classic Movies, Comedy Central, MTV, BET, Nickelodeon, Cartoon Network and Adult Swim.
- Factual and lifestyle networks: Discovery Channel, HGTV, Food Network, TLC, Animal Planet, OWN and Magnolia Network.
- Sports: CBS Sports, TNT Sports, Eurosport and Bleacher Report.
- Other businesses: DC Comics, games, consumer-products licensing, studio tours and branded attractions.
Recognizable properties across the combined portfolio include DC characters such as Batman, Superman, Wonder Woman and Aquaman; Harry Potter and Fantastic Beasts; Star Trek; Game of Thrones and House of the Dragon; Mission: Impossible; Top Gun; Transformers; The Matrix; SpongeBob SquarePants; Teenage Mutant Ninja Turtles; Looney Tunes; Scooby-Doo; Friends; The Big Bang Theory; The Sopranos; and The White Lotus.
These examples do not imply identical ownership, distribution or licensing arrangements for every property. For instance, Paramount has a 49% stake in Miramax, and rights to individual titles may differ by territory or agreement. The portfolio also includes much of MGM’s pre-May 1986 library held by Turner and classic RKO holdings.
Recommended Free Tools
Rank #3
What happened to HBO Max and Paramount+?
At the time of the post-close announcement, HBO Max, Paramount+, discovery+ and Pluto TV were listed as separate services in the portfolio. Skydance said its direct-to-consumer streaming products would unify into a single service “over time,” but gave no timetable. The announcement does not establish that the apps have already combined, which brand will remain, or when catalogs or prices might change.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What does the deal mean for movies and theaters?
At closing, Skydance announced a minimum of 30 theatrical films annually and a minimum 45-day theatrical window. These are company commitments, not evidence of a release history or independently verified future delivery. The company also described a portfolio of 180-plus television shows and series; that figure is not an annual production promise.
The U.S. Department of Justice Antitrust Division said on June 12, 2026, after an eight-month investigation, that it had determined the transaction was not likely to harm competition or American consumers in streaming video on demand, linear television, or studio development, production and theatrical film distribution. That is the agency’s conclusion about its review, not a guarantee about every future market outcome.
Quick Recap
Best Value
- Genre: Science Fiction
- Number of Discs: 2
- Number of Tracks: 0
- Playback Duration: 145
- Director: Robert Wise
How the deal changed from proposal to closing
- Netflix proposal: Netflix and WBD agreed to a proposed transaction involving Warner Bros. studio and streaming assets, including HBO and HBO Max, following a planned Discovery Global separation.
- Paramount Skydance proposal judged superior: In February 2026, WBD’s board determined Paramount Skydance’s proposal was superior. Netflix declined to raise its offer.
- Netflix agreement terminated: WBD’s 2025 Form 10-K records termination of the Netflix agreement on February 27, 2026, and the related $2.8 billion termination fee.
- Acquisition closed: Paramount Skydance completed its WBD acquisition on October 6, 2026, and announced the Skydance name for the combined company.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
