Cover art for Decoder with Nilay Patel

Paramount's $110 billion Warner Bros. gamble

Decoder with Nilay Patel

Published
March 19, 2026
Duration
48:08
Summary source
description
Last updated
Jul 5, 2026

Discusses Today, let’s talk about the big Paramount-Warner Bros. Discovery merger. Right now, Paramount head D…

Summary

Today, let’s talk about the big Paramount-Warner Bros. Discovery merger. Right now, Paramount head David Ellison is very much acting like he’s over the finish line after outbidding Netflix, which walked away after what seemed like a done deal. Back in January, I asked Puck’s Julia Alexander to walk me through Netflix’s reasoning, and today I’m digging int…

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Show notes

Today, let’s talk about the big Paramount-Warner Bros. Discovery merger. Right now, Paramount head David Ellison is very much acting like he’s over the finish line after outbidding Netflix, which walked away after what seemed like a done deal. Back in January, I asked Puck’s Julia Alexander to walk me through Netflix’s reasoning, and today I’m digging into Paramount’s with Rich Greenfield, a media and entertainment analyst and cofounder of research firm LightShed Partners. There’s a lot going on