Paramount’s WBD bid relegates Netflix to a supporting role
Big media tie-ups have a poor record at creating value
Big media tie-ups have a poor record at creating value

Jared Kushner and Middle East funds assist with all-cash offer

Co-chief Greg Peters is ‘nervous for the industry’, days after streaming group cedes WBD tie-up to David Ellison’s company

Buying WBD for $83bn would have cost the streaming giant financial flexibility and its ability to take on YouTube

Warner’s recommendation to reject Ellison offer adds twist to takeover saga that could reshape Hollywood

Whether Netflix or Paramount wins, creatives are likely to lose

David Ellison is keeping his powder dry since WBD shareholders do not vote on rival Netflix deal until March at earliest