Warner Bros. rejects revised Paramount bid
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The major exhibitors' top lobbying group, Cinema United, reiterated its opposition to Congress ahead of a Washington, D.C., hearing on the Netflix acquisition.
Paramount Skydance gained fresh ammunition in its campaign to convince Warner Bros Discovery shareholders that its $108.4 billion bid for the storied Hollywood studio, HBO, and Discovery Channel is the better offer: the market's response to Comcast's spin-off.
The trade association representing theater owners warned a congressional committee that the acquisition of Warner Bros. Discovery by either Netflix or Paramount will have a negative impact on their business.
Warner Bros. and Netflix — the streamer that intends to gobble up the legacy film company — led nominations among studios for the film and TV sides, respectively, at the 2026 Actor Awards (fka the Screen Actors Guild Awards).
The latest rejection of Paramount’s $108 bln takeover bid, citing debt concerns, rings hollow. After all, HBO's owner is the one that hinted cash is king and the rival suitor has acquiesced to every demand.