[israrkhan]

Paramount agreed to pay the $2.8 billion breakup fee that WBD would owe Netflix if that deal didn’t go through.

[softwaredoug]

The behavior of each party in this whole process gives you a lot more confidence in Netflix leadership than Paramount / Skydance.

Paramount was about to go to idiotic lengths to get this. Netflix is willing to walk away.

[lovich]

Yea Paramounts behavior doesn’t seem rational if the direct economics of the companies involved were the only concern.

But given that Paramount wanted to buy the CNN portion of the business that Netflix wasn’t even bidding on, it kinda seems like they have a longer term goal in place.

[dylan604]

Sure, I'd be willing to walk away with a briefcase holding $2.8 Billion with a B. How much stock would that buy back? Doubtful shareholders see any dividends from it.

[nullocator]

I think Netflix is incredibly foolish for letting Paramount scoop this up, and their leadership is taking a huge gamble that the very broad media empire the extreme right has and is building in combination with unilateral control of the government will not be used to seriously undermine companies like Netflix in the coming years.

Netflix isn't going to be simply competing against Paramount/WBD, they are going to be competing against the State's custom built propaganda machine.