Warner Bros. Discovery Deal Ends in Unexpected Winners on Wall Street

The battle between Netflix and Paramount over Warner Bros. Discovery has concluded with all three companies emerging as winners on Wall Street. Netflix's stock price jumped 12%, WBD's stock barely budged, and Paramount's stock rose almost 30%. Despite the upbeat mood, the deal will have losers, including Hollywood's unseen entertainment workers, whose numbers have been decreasing for years due to consolidation and layoffs.