A record 10 lakh crore offer for a production company, the deal will be okay?

One of Hollywood’s biggest deals is underway. From the last few months, Hollywood movie lovers, big movie businessmen, tax department and many other sectors have been keeping an eye on this business. Warner Bros., the most successful, popular and oldest production company in Hollywood, has been sold. Some big production companies including Netflix, businessmen have shown interest in buying this production company. But now there is a huge change in this business.

Everyone expected Warner Bros to be bought by the famous streaming giant Netflix. Netflix also bid to pay $27 per share for Warner Bros. A total of 9.97 lakh crores was offered to Warner Bros. While thinking that Netflix bought Warner Bros., another popular and successful movie production company in Hollywood, Paramount jumped into the fray and made an even better offer than Netflix.

Netflix and Warner Bros. have been in talks for the past few months. Netflix had bid around Rs 7 lakh crore ($83 billion) to buy Warner Bros’ studio and streaming business. However, Netflix decided to pull out of the race after Paramount made a last-minute offer that was higher than this. The CEO of Netflix has released a statement saying that it is not financially viable to buy this company at a high price.

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Paramount has made a bid of around 10 lakh crore rupees ($111 billion) to buy Warner Bros. This is about Rs 2.4 lakh crore more than Netflix’s offer. This amount also includes the company’s debts. But this offer is pending acceptance by the investors and management of Warner Bros. Once the deal goes through, Paramount will emerge as the most powerful production house in Hollywood.

With Paramount now acquiring Warner Bros., many of the world’s most famous brands will come under one roof. Popular series like ‘Harry Potter’, ‘Game of Thrones’ will now become Paramount. News channel CNN, DC Comics and Warner Bros. Studios will become Paramount. This will create a big setback for Netflix in the field of content.

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