Netflix promotes itself as an innovator, but its skyhigh bid for Warner Brothers suggests that its trendsetter days have peaked.

The stock has plunged 28% since the end of June, making it the seventh-worst performer in the Nasdaq 100 Index in the second half of the year.

NEWS ANALYSIS. The blow would be all the more severe for American cinema, as Warner Bros. had just pulled off a remarkable feat in 2025 with two major box office hits: 'Sinners'…