<a href="https://www.cnbc.com/2025/12/05/neflix-warner-bros-discovery-deal.html">Netflix has reached a deal to buy Warner Brothers Discovery</a> film and streaming assets, ending a dramatic bidding war between Paramount Skydance, Comcast, and Netflix. Andrew Ross Sorkin, Becky Quick, and Joe Kernen examine the terms, the break-up fees, <a href="https://www.cnbc.com/2025/12/05/trump-netflix-wbd-deal.html">the regulatory risks</a>, and the <a href="https://www.cnbc.com/2025/12/05/netflix-shares-are-falling-on-warner-bros-tie-up-what-the-deal-means-for-the-stock.html">math for shareholders</a> with CNBC’s David Faber. Together, they consider whether Paramount Skydance owner David Ellison will pay the breakup fee and what players are willing to pay for key intellectual property. Entertainment journalist and Puck founding partner Matt Belloni offers his insight from sources inside Hollywood and warns, many creatives in the industry are not happy about the deal. David Faber - 10:41Matt Belloni - 21:05 In this episode:Matt Belloni, <a href="https://x.com/MattBelloni">@MattBelloni</a>David Faber, <a href="https://x.com/davidfaber?lang=en">@davidfaber</a>Becky Quick, <a href="https://x.com/BeckyQuick">@BeckyQuick</a>Joe Kernen, <a href="https://x.com/JoeSquawk">@JoeSquawk</a>Andrew Ross Sorkin,<a href="https://twitter.com/andrewrsorkin"> @andrewrsorkin</a>Cameron Costa, <a href="https://twitter.com/cameroncostany?lang=gu">@CameronCostaNY</a> Hosted by Simplecast, an AdsWizz company. See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for advertising.

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