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    Artwork for Decoder with Nilay Patel
    Episode

    Paramount's $110 billion Warner Bros. gamble

    Decoder with Nilay Patel · Mar 19, 2026 · 48 min

    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…

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