It’s official: In a move that will dramatically reshape the entertainment business, Netflix and Warner Bros. Discovery announced an agreement Friday under which Netflix will acquire Warner Bros., incl...

Warner Bros. Discovery CEO David Zaslav said Wednesday that the regulatory review of Warner’s deal with Netflix has begun, even as Paramount mounts a hostile takeover bid.

Netflix announced on 5 December that it had sealed an agreement with Warner Bros Discovery to buy the film and television studio for nearly $83 billion, the entertainment industry's biggest consolidat...