Netflix, Warner Bros.
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A video shared online soon after Netflix announced it was acquiring Warner Bros. was edited so the Netflix logo would be on the iconic water tower.
A video spreading across platforms purports to show the Netflix logo painted over the historic water tower at Warner Bros. Studios as the streaming powerhouse seeks to buy the global media giant's film and television studios and streaming services amid a bidding war with Paramount.
As Netflix and Paramount fight for Warner Bros. Discovery, the fate of the giant media company could rest on the value of its cable networks.
In a historic moment, Netflix has agreed to buy Warner Bros. Discovery's movie, television and streaming assets, valued at $82.7 billion. NBC News' Chloe Melas reports on what could happen next in one of the most consequential mergers in Hollywood history.