Netflix Inc. just won by losing. Shares of the streaming industry leader rose as much as 12% in New York Friday after the company announced it was dropping out of the fight to buy Warner Bros.

For more than two decades, Netflix has paired technology with artistry to help great films and shows find their audience,” ...

In his first interview since abandoning the pursuit, Ted Sarandos said the decision to drop out had actually been made earlier, based on various bidding scenarios Netflix had worked out in ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The $72 billion Warner Bros ...