Netflix

Updated: Apr 30, 2026Published: Apr 30, 2026Streaming behemothby Senior EditorAt the Bridgerton Carnival Grand Ball, a Netflix-partnered event opening the 2026 Venice Carnival on January 31, 2026, in St. Mark’s Square in Venice, Italy.At the Bridgerton Carnival Grand Ball, a Netflix-partnered event opening the 2026 Venice Carnival on January 31, 2026, in St. Mark’s Square in Venice, Italy.Courtesy NetflixAt the end of 2025, Netflix was poised to complete a blockbuster deal: acquiring a major Hollywood studio. But in February, in a shocking reversal, the streaming giant walked away from its $82.7 billion bid to acquire Warner Bros. Discovery after refusing to counter Paramount Skydance’s revised offer of $111 billion. “We thought of Warner as a really exciting opportunity,” says Netflix co-CEO Greg Peters. “But just like in all the other cases, we size the opportunity based on the value back to our members in the business—and when someone's willing to go with a number that's bigger than that value to us, we say, ‘Great, good luck, and Godspeed.” The move—which resulted in a $2.8 billion termination fee from Paramount—was hardly an indication of weakness: in 2025, Netflix delivered $45.2 billion in revenue (up 16% from 2024) and surpassed 325 million