Warner Bros. Discovery has reportedly begun exclusive talks to sell its film and television studios, along with the HBO Max streaming service, to Netflix .

According to Bloomberg , sources familiar with the matter said Netflix is prepared to pay a $5 billion breakup fee if regulators block the transaction. If the negotiations stay on track, an agreement could be made within days. The alleged development indicates that Netflix has taken the lead over Paramount and Comcast, who were also a part of the intense bidding war.

If finalized, the agreement could shake up the entertainment industry by combining the world’s largest streaming platform with one of Hollywood’s most respected studios. It would reshape the way content is produced and distributed. The merger could provide oppor

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