In a deal that would dramatically change the entertainment industry, Netflix , led by Ted Sarandos and Greg Peters, is poised to win the battle for Warner Bros. Discovery ‘s studios and HBO Max streaming business.

Netflix is said to be in exclusive talks with the David Zaslav-led WBD after topping rival bids from Paramount and Comcast .

There is still a lot that needs to happen for the deal to close, but if it does, it would alter the course of the entertainment industry, with its impact felt across streaming video, theatrical filmmaking and studio production.

In a deal that would dramatically change the entertainment industry, Netflix , led by Ted Sarandos and Greg Peters, is poised to win the battle for Warner Bros. Discovery ‘s studios and HBO Max streaming business.

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