Paramount in recent days launched a hostile takeover bid to acquire Warner Bros. Discovery, just days after Netflix struck a deal to purchase a large part of the media giant.

“Saturday Night Live” opened this week’s episode with Donald Trump commenting on the battle to buy Warner Bros. Discovery - by asking why anyone would even want to buy the studio: “They’ve got one of the worst studio lot tours in LA,

Warner Bros. controls some of the most valuable franchises in the world, along with a deep catalog of assets that continue to drive consumption. Folding this into a global streaming infrastructure gives Netflix something it has never fully possessed: the durable multigenerational IP that supports theme parks,

The streaming sector is consolidating, and Warner Bros. will be a key acquisition for one of the players.