Warner Bros. Discovery (WBD) has entered exclusive discussions with Netflix (NFLX) on a deal to sell its movie and television studios as well as its HBO Max streaming service, the New York Times’ Brooks Barnes reports, citing two people familiar with the negotiations. The move comes following a bidding war between Netflix, Comcast (CMCSK) (CMCSA) (CMSCA) and Paramount (PSKY). Netflix’s mostly-cash bid was notable in part because it includes a pledge to continue theatrical releases for movies, the report said.
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