Netflix vs. Paramount. Whoever wins… we lose?

If Warner Bros. Discovery was only a movie house, it would have had one of its best years ever. Two of its films (One Battle After Another and Sinners) are front-runners for the Academy Award for Best Picture, and it had a string of critical hits and box-office successes with Superman, Weapons, and A Minecraft Movie. But the company is a media conglomerate that counts HBO and CNN among the brands it owns, and it took on lots of debt; its box-office success in 2025 is not enough to make up for its financial struggles.