The Warner Bros. Discovery board has unanimously voted to rebuff Paramount’s $108.4 billion offer and urged shareholders to reject the hostile takeover bid. The board is continuing to support Netflix’s pending $82.7 billion purchase of its streaming and movie studios businesses along with a separate spinoff of the Warner Bros. cable TV division.

Warner Bros. Discovery is shutting down Discovery+ in Canada, shifting the service to Rogers and signaling a broader reset in its streaming strategy.

Netflix seemed to have a clear path to acquiring Warner Bros., but Paramount Skydance's hostile takeover bid has thrown that into question. The top question right now: Is Netflix still buying Warner Bros.? Paramount’s $108 billion hostile takeover bid ...

Netflix reportedly wants to keep movies in theaters for just 17 days after it buys Warner Bros.

Why does Netflix want to buy Warner Bros.? In an era of mergers and megadeals, an age where content is king, a question like that might seem beyond naïve. As a newly, hugely bulked-up version of itself, Netflix will be ingesting a mountain of creative ...

Warner Bros. Discovery originally planned to break up its businesses until acquisition offers appeared in October. Paramount Skydance is one of Warner Bros. Discovery's most aggressive suitors with three offers submitted. Warner Bros. Discovery is ...

Today's episode of the Warner Bros. Discovery (WBD) drama is titled "How to Repel a Hostile Takeover." The board of the entertainment company that has agreed to merge with Netflix (NFLX) turned the tables on its other suitor, Paramount Skydance (PSKY ...

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.