Warner Bros. Discovery rejects Paramount bid
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Warner Bros. Discovery rejected the $30/share takeover bid from David Ellison's Paramount Skydance, with WBD unanimously backing the deal with Netflix.
Deal volume for the June–November 2025 period jumped 61 percent over the same timeframe in 2024, according to PwC.
We haven’t prioritized theatrical in the past because that wasn’t our business at Netflix. When this deal closes, we will be in that business.”
Hollywood has unleashed a wave of fear that the Netflix acquisition of Warner Bros will further erode the struggling movie business
The streamer's co-CEO made a surprise appearance at a Tuesday night event in Paris, organized by Canal+ Group.