Emergency Pod! Paramount Outbids Netflix and Wins Warner Bros.

from The Town with Matthew Belloni · host The Ringer

Emergency episode! Matt is joined by Bloomberg’s Lucas Shaw to react to Netflix pulling out of the Warner Bros sweepstakes after Paramount raised its bid to $31 per share, bringing the overall offer to $111B. They break down why this happened, why Netflix abruptly backed out, if this deal will close, what this means for Hollywood, how powerful the new Ellison mega platform can be, and what comes next. Host: Matt Belloni Guest: Lucas Shaw Producers: Craig Horlbeck, Jessie Lopez, and Jon Jones Theme Song: Devon Renaldo AVATAR: FIRE AND ASH. FOR YOUR CONSIDERATION. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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This episode was published on February 27, 2026.

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