In a stunning move, the streaming giant is walking away from the deal it struck in December after Paramount Skydance upped its bid.

California has a lot to lose if Paramount Skydance (PSKY.O) buys Warner Bros Discovery (WBD.O) and could stand in the way of a deal, while Paramount's deep political connections to the Trump administr...

Snagging WBD would have stocked up Netflix’s war chest, with over 100 years of back catalogue, killer brands such as Harry Potter and Batman, and control over some of Hollywood’s most prestigious movi...