Add Yahoo as a preferred source to see more of our stories on Google. In the dirty and very expensive fight to buy storied Hollywood studio Warner Bros., Paramount Skydance came out on top. The deal comes at the end of a fraught bidding war for Warner Bros.

Noah Baumbach is heading back to theaters. After nearly a decade at Netflix, the lauded filmmaker behind "Marriage Story" and "Frances Ha" has signed a new first look deal with Warner Bros., with the studio's new label Clockwork set to distribute a new film that he will write,

You're currently following this author! Click to unsubscribe from email alerts. Netflix is taking a massive swing at the future of entertainment, and Hollywood will never be the same. The streaming giant has agreed to buy Warner Bros. Discovery's studio ...

Mergers rarely reshape an entire corner of the market overnight, yet the green light for the Paramount Skydance and Warner Bros. Discovery tie up removes a major legal roadblock and concentrates a huge pool of content under one roof.

Netflix has just lost one of its most notable directors, diminishing its future Oscar chances. The filmmaker had previously given a slew of award-winning movies to the streamer. According to Variety,