Bids are in for Warner Bros. Discovery. Track the sale process and all the proposed takeover’s effects on Hollywood here.

Hollywood's biggest competition this year isn't at the box office, it's in the Warner Bros. Discovery board room. State of play: A trio of Hollywood power players submitted bids to buy all or part of WBD Thursday,

Netflix has reportedly told Warner Bros. Discovery brass that the streamer will release the Burbank lot’s movies in theaters, should a merger of the two conglomerates go through. Bloomberg reported on the news.

Elizabeth Warren, Bernie Sanders and Richard Blumenthal wrote in a letter that any deal for WBD could create a company that "would have even more market power than the current companies to raise consumers' television costs.