Communication

Netflix licensed Roald Dahl’s stories for three years, then bought the company for about $686 million. An Oscar, a hit musical and a rewrite backlash followed. What founder-brand buyers can learn.

AT&T spun off WarnerMedia and merged it with Discovery in a $43 billion deal that closed in 2022. Warner Bros. Discovery then spent three years cutting costs and $19.5 billion of debt before selling itself to Paramount for about $31 a share in 2026.

Disney’s acquisition of 21st Century Fox was one of the most important media deals of the streaming era.