How Netflix's $82.7 billion takeover of Warner Bros will reshape the business, end streaming wars and likely bring another culture clash.

Netflix is doubling down on its dominance in streaming with a massive acquisition. The OTT giant has announced that it will buy Warner Bros. Discovery’s studios and HBO (with HBO Max) streaming assets in a $72 billion deal,

The prospect of Paramount’s buying Warner Bros. Discovery had led CNN journalists to wonder if the channel may be combined with CBS News. Instead, CNN will remain in a separate corporate entity.