Netflix set to bolster its Warner Bros. bid
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"These decisions signify a shift in the media industry as companies abandon cable networks in favor of streaming services."
Wall Street analysts have speculated that Paramount will eventually surpass the $30 threshold to win support for its proposal to acquire all of WBD, including CNN. But for now, WBD continues to say that its existing deal to sell Warner Bros. and HBO (but not CNN or other cable assets) to Netflix is in the shareholders’ best interests.