Last week, Warner Bros asked bidders to submit improved offers by December 1 after receiving preliminary buyout bids from Paramount Skydance, Comcast and Netflix
The submissions meet a Nov. 20 deadline for a first round of bids set by the board of Warner Bros. Discovery, the parent of HBO, CNN and the Warner Bros. movie and TV studios
Warner Bros. said it would evaluate strategic options last month after receiving interest in all or part of the business from multiple suitors. The first round of bids are expected today
Owning Warner Bros' studio business would give Netflix control over some of Hollywood's most successful stories and characters, including the Harry Potter and DC Comics franchises
Experts say Warner Bros Discovery's potential sale or restructuring will not have a major effect on India, where its presence remains relatively small and partnership-driven
Warner Bros. has been sold and resold over the decades. AT&T gained control in 2018 as part of its $85.4 billion purchase of Time Warner. Discovery, a cable television company, took over in 2022
Paramount, led by David Ellison, has several options, including boosting its bid, going directly to shareholders or finding additional backing through a financial partner
Disney, Universal, Warner Bros Discovery sue China's MiniMax for copyright infringement
Paramount Skydance, backed by billionaire Larry Ellison, is weighing a $30 billion bid for Warner Bros Discovery, a move that could unite Hollywood giants and reshape global media landscape
A merger of the two would shrink Hollywood's major legacy studios to four and unite some of the biggest names in news, movies and TV, inviting regulatory scrutiny
It's the third big Hollywood studio to sue Midjourney in Los Angeles federal court after Disney and Universal filed a joint lawsuit in June
On Monday, the entertainment conglomerate announced plans to split into two publicly traded companies
Warner Bros. Discovery will split into two public companies by next year, calving off its cable operations from its streaming service. Warner Bros. Discovery said Monday that Streaming & Studios will include Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, as well as their film and television libraries. The Global Networks company will include CNN, TNT Sports in the US, and Discovery, top free-to-air channels across Europe, and digital products such as the Discovery+ streaming service and Bleacher Report. Warner Bros. Discovery CEO David Zaslav will serve as CEO of Streaming & Studios. Gunnar Wiedenfels, chief financial officer of Warner Bros. Discovery, will serve as CEO of Global Networks. Both will continue in their current roles until the separation. The split is expected to be completed by the middle of next year.
As customers shift from cable TV networks to streaming services, media companies such as Warner Bros Discovery are seizing the opportunity to gain market share and attract advertisers
The country already has one Harry Potter attraction, the Wizarding World of Harry Potter area at Universal Studios in Beijing, which opened in 2021
Fubo in a statement on Monday said it has settled all litigation with Disney and ESPN related to Venu, and also settled all litigation with Fox and Warner Bros Discovery
The beer highlights smoky, burnt notes, mirroring the fiery essence of roasted malts
The production company, which has also financed and produced films such as The Blind Side, filed a lawsuit accusing Musk of copyright infringement
Director James Gunn announced that the Superdog, Krypto, will make his live-action debut with Superman. Here's all you need to know
By the end of this year, its factual and lifestyle programming cluster will have released over 3,000 hours of new content available on both linear channels and Discovery+