Paramount vs Netflix: The $83 billion showdown over Warner Bros. Discovery

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00:00Paramount has crashed Netflix's victory party with a competitive $30 per share bid for Warner

00:05Brothers Discovery.

00:06Unlike Netflix's $82.7 billion stock in cash deal, Paramount is promising an all-cash purchase,

00:12which they say will be cleaner, faster, and less likely to get tangled in regulatory red

00:16tape.

00:17The headline twist, though, is about the future of movies themselves.

00:20Now, Netflix has made it clear that they would shorten the time Warner Brothers films spend

00:24in theaters before heading to streaming, a move that sparked concern among fans who

00:28still value the big screen experience.

00:30In contrast, Paramount has announced plans to release more than 30 films annually in theaters

00:35if it wins the bid, declaring, quote, we are going to satisfy the needs of the movie-going

00:39public.

00:40Supporters of Paramount's bid argue that this protects the cultural tradition of theaters

00:44and gives Warner Brothers Discovery more certainty.

00:47Now, at the same time, critics of Netflix's approach worry it accelerates the decline of