Netflix has moved ahead in its bid to purchase Warner Bros. Discovery. The streaming giant has entered exclusive talks for a deal that could significantly transform the entertainment industry. The development places the streamer in a strong position after a competitive bidding process.

The cash-and-stock deal would give the world’s largest paid streaming service expansive power over theater owners and entertainment-industry unions.

President Trump called Netflix co-CEO Ted Sarandos "fantastic" and said he would be involved in the streamer's bid to take over Warner Bros. Discovery in remarks to reporters Sunday on the red carpet for the Kennedy Center Honors.

Jane Fonda called the Netflix-Warner Bros. deal a 'catastrophic' development that threatens to 'destroy our creative industry.'

The streamer has an erratic week with the bust of 'Wake Up Dead Man: A Knives Out Mystery' and the pre-sales success of the 'Stranger Things' series finale stunt.

Sen. Chris Murphy warned Saturday that a bid by Netflix to purchase Warner Bros. Discovery — a deal that would place HBO under Netflix’s control — would be "a disaster" for consumers, workers and the media landscape,