Paramount's $110 billion Warner Bros. gamble

An episode of the Decoder with Nilay Patel podcast, hosted by The Verge, titled "Paramount's $110 billion Warner Bros. gamble" was published on March 19, 2026 and runs 48 minutes.

March 19, 2026 ·48m · Decoder with Nilay Patel

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Episode Description

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 here, including the biggest question I’ve had throughout this entire saga: why would a...

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