Netflix Is One Step Closer to Buying Warner Bros.

Our newfound age of Hollywood megamergers is entering a strange new chapter: Netflix has entered exclusive talks to begin the process of acquiring Warner Bros.’ studios, setting the stage for a deal that would radically overhaul the entertainment industry as we know it.

Deadline reports that after a day of high drama that saw rival bidder Paramount—itself the recent subject of a politically charged takeover and merger that has set Hollywood all aflutter after its $8 billion