Factbox: How US media firms stack up as Netflix and Paramount clash for Warner Bros

December 23, 2025 – 4:06 PM

Paramount and Netflix logos are seen in this illustration taken December 8, 2025. (Reuters/Dado Ruvic/Illustration)

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Oracle

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co-founder Larry Ellison will provide a personal guarantee of

$40.4 billion in equity financing

to back Paramount Skydance’s all-cash bid of $108.4 billion for Warner Bros Discovery, a regulatory filing showed on Monday.

The move comes shortly after Warner Bros Discovery’s

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board

rejected Paramount Skydance’s

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$108.4 billion hostile bid, favoring Netflix in the high-stakes bidding war for the storied media giant.

Earlier this month, the streaming pioneer

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agreed to buy Warner Bros Discovery’s iconic studio and streaming assets for $72 billion, a move that could reshape Hollywood by creating a vertically integrated media powerhouse.

The deal is expected to invite tough regulatory scrutiny. U.S. President Donald Trump has said he would have a say

in whether

the proposed merger between Netflix and Warner Bros should go forward.

Here is a snapshot of how major media companies are performing:

Warner Bros Discovery

The media giant, which owns streaming service HBO Max, has a vast library of feature films, including franchises such as “Wonder Woman,” “Harry Potter” and “Batman.” Its studios include Warner Bros Motion Picture Group, DC Studios and Warner Bros Television Group.

The company’s total revenue for fiscal 2024 fell about 5% to $39.32 billion. The studios’ revenue declined 5% to $11.61 billion.

Warner Bros Pictures Animation began its journey with the iconic “Looney Tunes” in 1930 and has produced classics such as “The Iron Giant,” “The Lego Movie” franchise and “Happy Feet.”

Netflix

It primarily derives revenue from subscriptions and has also rolled out ad-supported plans. Major movies and series include “Stranger Things” and “KPop Demon Hunters”.

It added 589 new Netflix Originals in 2024, up nearly 4% from 2023.

YouTube

Owned by Alphabet

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Walt Disney

Walt Disney and brother Roy Disney founded “Disney Brothers Cartoon Studio” after signing a contract with distributor M.J. Winkler for “Alice Comedies” in October 1923. The studio was renamed Walt Disney Studios in 1926.

Its portfolio also includes Pixar Animation Studios, Lucasfilm, Marvel Studios, Searchlight Pictures and 20th Century Studios.

The company’s

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total revenue rose 3% to $91.36 billion last year.

Disney ended the fourth quarter of fiscal 2025 with 196 million Disney+ and Hulu subscriptions, an increase of 12.4 million from the year-ago period.

Cumulatively through September 28, 2024, the company had released about 1,100 full-length live-action films and 100 full-length animated films.

Paramount Global

Before its merger with Skydance Media, Paramount’s total revenue fell 1% to $29.21 billion last year. Its TV Media segment revenue, which makes up the bulk of its sales, fell 7% to $18.78 billion, hurt by declines in linear advertising and fewer major sporting events on CBS.

Founded in 1912, the studio’s library consists of more than 1,200 film titles including “Star Trek,” “The Godfather” and “Mission: Impossible,” with rights to an additional 2,800.

Paramount is the parent of CBS and agreed to pay $16 million to settle a lawsuit filed by U.S. President Donald Trump against the network over a “60 Minutes” interview.

The company also narrowed its streaming losses, signaling progress toward its goal of achieving domestic profitability in 2025.

Paramount Pictures, considered the jewel of Paramount Global, has attracted many suitors over the years.

Comcast

Total revenue for Comcast

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, which owns NBCUniversal, rose 1.8% to $123.73 billion for fiscal 2024.

Universal Pictures, founded in 1912, has created classics such as “Jurassic Park,” “Fast and Furious,” “Minions,” “Jaws” and “E.T. the Extraterrestrial”.

Its film library consists of more than 6,500 titles, according to its annual report.

Comcast is in the process of

spinning off its

NBCUniversal cable channels, including USA Network and CNBC, into a new company called Versant early next year.

Amazon

Amazon.com

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—Reporting by Jaspreet Singh, Kritika Lamba in Bengaluru and Juby Babu in Mexico City; Editing by Alan Barona and Anil D’Silva