Dec. 9 at 9:11 AM
$NFLX Should WBD decide to ditch Netflix in favor of Paramount Skydance or another player, it would be forced to pay the streaming platform a
$2.8 billion breakup fee, according to SEC filings.
Deal or no deal, Netflix could walk away satisfied. “If you’re Netflix, that’s a hell of a lot of content that you can buy or develop, or a heck of a lot of advertising sales” that could come from that influx, according to Boidman. “If they don’t end up with the deal, they’re still going to walk away with a significant amount of money. So their time will definitely have been worth it.