The battle for control of Warner Bros.: A timeline of key developments

Netflix and Paramount are locked successful an epic tug-of-war for HBO and Warner Bros. — the historical movie mill down Batman, Harry Potter, Scooby-Doo, “Casablanca” and “The Matrix.”

Warner Bros. Discovery awarded the prize to Netflix, prompting Paramount to equine a hostile takeover bid valued astatine $108 cardinal for each of the Warner assets, which besides see CNN, TBS, HGTV and TLC. The Larry Ellison-backed media company, tally by his lad David Ellison, has asked Warner shareholders to merchantability their shares to Paramount.

Warner Bros.’ merchantability has go the industry’s crippled of thrones.

The streaming king, Netflix, hopes to bargain a chunk of the institution — HBO, HBO Max, Warner Bros. movie and TV studios and the 110-acre batch successful Burbank — done its $82.7-billion deal. Not included are Warner’s basal cablegram channels, which are acceptable to beryllium spun disconnected into a separate, publicly-traded institution called Discovery Global.

Both deals would fundamentally reorder Hollywood and rise antitrust concerns. Netflix would boast much than 400 cardinal subscribers worldwide, furthering its marketplace dominance. And Paramount’s takeover would harvester 2 large movie studios and 2 starring quality organizations, CNN and CBS News, nether Ellison household control.

Here’s a look astatine however we got here: