# Netflix Walks, Paramount Wins, and the Ellisons Take Hollywood

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Text version: https://stenobird.com/podcast/channels-with-peter-kafka-487706/netflix-walks-paramount-wins-and-the-ellisons-take-hollywood.md
Podcast: [Channels with Peter Kafka](https://stenobird.com/podcast/channels-with-peter-kafka-487706)
Published: 2026-02-27T18:42:00+00:00
Episode link: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/pscrb.fm/rss/p/mgln.ai/e/257/traffic.megaphone.fm/VMP2000235589.mp3?updated=1772218127
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Duration seconds: 2011

## Resource

Netflix shocked the world last year by winning a deal to buy Warner Bros. Discovery. This week it shocked us by walking away.In this emergency bonus episode, CNBC’s Alex Sherman walks us through the whiplash: Why Netflix chose not to counter Paramount, what the market blowback signaled, and how much of this was about price versus the very real prospect of a long, ugly regulatory and political slog.Then we spin it forward: what a Paramount/WBD mash-up means in practice (translation: overlap, “synergies,” and a lot of job anxiety)? What happens to crown-jewel assets like HBO and CNN? And why this isn’t just another media merger, but a power shift. We don’t really know what David and Larry Ellison have planned for their newly acquired media empire — but we do know that they are now very big players. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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## Transcript

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