Netflix and Paramount are fighting over Warner Bros. Discovery. Here's the regulatory outlook
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The Paramount Pictures water tower is seen in Los Angeles, Thursday, Dec. 18, 2025, with the Hollywood sign in the distance. (AP Photo/Jae C. Hong)A Netflix sign is displayed atop a building in Los Angeles, Thursday, Dec. 18, 2025, with the Hollywood sign in the distance. (AP Photo/Jae C. Hong)An aerial view shows Paramount Pictures in Los Angeles, Thursday, Dec. 18, 2025. (AP Photo/Jae C. Hong)A Netflix sign is displayed atop a building in Los Angeles, Thursday, Dec. 18, 2025. (AP Photo/Jae C. Hong)
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The Paramount Pictures water tower is seen in Los Angeles, Thursday, Dec. 18, 2025, with the Hollywood sign in the distance. (AP Photo/Jae C. Hong)