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Tag: warner bros.

  • Netflix drops $83 billion bid for Warner Bros. Discovery, paving way for Paramount Skydance deal

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    Netflix said on Thursday that it will not match Paramount Skydance’s latest bid for Warner Bros. Discovery, clearing the way for a massive merger that could shake up the entertainment and media industry. 

    Netflix agreed in December to buy part of Warner Bros. Discovery for $27.75 a share, or $82.7 billion. But Paramount Skydance had made a $30 a share all-cash offer to buy all of the company, and on Tuesday raised its offer for Warner Bros. Discovery to $31 a share (Paramount Skydance owns CBS News.)

    Earlier on Thursday, Warner Bros. Discovery’s board of directors notified Netflix that Paramount’s $31 per share offer constituted a “superior proposal” for the company.

    “The transaction we negotiated would have created shareholder value with a clear path to regulatory approval,” Netflix co-CEOs Ted Sarandos and Greg Peters said in a statement Thursday. “However, we’ve always been disciplined, and at the price required to match Paramount Skydance’s latest offer, the deal is no longer financially attractive, so we are declining to match the Paramount Skydance bid.”

    Paramount Skydance didn’t immediately respond to a request for comment. 

    Warner Bros. Discovery owns streaming and film studios, along with cable channels including CNN, Food Network, HBO, HGTV, TBS, TNT and Turner Classic Movies.

    The merger of Paramount Skydance and Warner Bros. Discovery will require approval from federal antitrust enforcers. Paramount Skydance executives have said that combining the companies would benefit consumers and help boost the entertainment industry, which has struggled to recover from the pandemic. 

    Some entertainment industry groups and lawmakers have raised concerns that uniting two major Hollywood studios could undermine competition. 

    For its part, Paramount Skydance executives had argued that a union of Netflix and Warner Bros. Discovery, which owns streaming platform HBO Max, was likely to arouse antitrust objections.

    In enhancing its offer this week, Paramount Skydance said it would pay a $7 billion termination fee if its acquisition of Warner Bros. Discovery collapsed over regulatory concerns. 

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  • Netflix backs out of Warner Bros. Discovery bidding war

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    For anyone who has been following the soap opera unfolding between Netflix and Paramount Skydance over the past few months in their financial brinksmanship to acquire Warner Bros. Discovery, the saga may be nearing its end. Today, WBD said its board of directors have determined that the latest offer from Paramount Skydance amounted to the better proposal. The media outfit gave Netflix four business days to match Paramount’s terms, but the streamer didn’t waste any time in declining to raise its own bid.

    “We believe we would have been strong stewards of Warner Bros.’ iconic brands, and that our deal would have strengthened the entertainment industry and preserved and created more production jobs in the US,” the statement from Netflix  co-CEOs Ted Sarandos and Greg Peters said. “But this transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price.”

    In addition to the purchase price of $31 per WBD share, Paramount’s latest offer also included a provision that it would cover the $2.8 billion termination fee that WBD would owe to Netflix for dissolving the existing merger agreement between the businesses. So rather than paying $82.7 billion to acquire the Warner Bros. part of the operation, it appears Netflix may walk away with no new content but padding its coffers with an extra nearly $3 billion.

    After Netflix’s initial offer, Paramount Skydance swooped in with a hostile takeover attempt of the entire Warner Bros. Discovery business. WBD rejected it, Paramount tried again. Several additional volleys between the involved parties occurred over the past few weeks. While WBD has not yet formally accepted Paramount’s offer — which will be subject to long-winded regulatory approvals sure to spark more drama — it seems the dust will soon settle for this chapter.

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    Anna Washenko

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  • “Heated Rivalry” Season 2 is coming “as soon as humanly possible,” says creator Jacob Tierney

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    A second season of “Heated Rivalry” is in the works, with shooting expected to begin in August.

    “We are writing it now,” show creator and director Jacob Tierney said on “CBS Mornings” on Thursday. “We’re getting ready to start shooting this summer. And there will be more ‘Heated Rivalry’ on your TVs as — like, truly — as soon as humanly possible.”

    The next season is expected in 2027, but a release date has not been announced yet.

    “Like the best parts of this show, just enjoy the yearn,” executive producer Brendan Brady said about the wait for the second season.

    The romance on HBO Max about hockey players Shane Hollander and Ilya Rozanov begins with a secret fling between two rivals and eventually turns into a yearslong journey of love, denial and self-discovery. It is based on the “Game Changers” book series by Rachel Reid and has been so popular that it has averaged more than 10.5 million viewers per episode in the U.S. alone, according to Warner Bros. Discovery.

    Tierney believes it resonates because it is “very romantic.”

    “It has the hallmarks and trappings of a real classic romance, years of longing and yearning and trying to get together and do the right thing for each other and not being able to, and then eventually a happy ending,” he said.

    “It is laser-focused on that love story. There’s not a lot of diversion from it. And I think that’s what the audience responds to, is kind of the intensity and the focus of the storytelling,” he said.

    Editor’s note: “Heated Rivalry” Season 2 will begin shooting in August, but no official release date has been announced.

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  • Netflix Stock Is the Cheapest It Has Been in 3 Years Following Its 41% Plunge — But Is It a Buy?

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    Netflix (NASDAQ: NFLX) operates the world’s largest streaming platform for movies and television shows. The company ended 2025 with a record number of subscribers, a record amount of revenue, and record earnings, yet its stock has plummeted by 41% from its all-time high from last June.

    Netflix is in a fierce bidding war to acquire Warner Bros. Discovery (NASDAQ: WBD). The deal would add an entire slate of high-quality content to the Netflix platform, but it could come at a hefty cost of $82.7 billion (or more), and it’s already facing intense scrutiny from regulators. Investors don’t like uncertainty, which might explain why many of them are waiting on the sidelines for now.

    Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »

    Netflix stock is currently the cheapest it has been in three years, and it’s even trading at a discount to the Nasdaq-100 technology index. If we zoom out, the stock is still sitting on a whopping 73,400% gain since its initial public offering (IPO) in 2002. Since its business continues to fire on all cylinders, the recent dip might be a small bump in the road ahead of further gains in the future. Investors rarely get the chance to buy this stock at such a steep discount, so is it time to make a move?

    Image source: Netflix.

    Netflix ended 2025 with a record 325 million paying subscribers, so it’s miles ahead of its nearest rivals, Amazon Prime and Disney‘s Disney+, which have 200 million and 131.6 million members, respectively. Netflix owes its dominance to its industry-leading content budget, but also to its diverse subscription tiers, which appeal to consumers of all income levels.

    In late 2022, Netflix launched a new membership option with a heavily discounted price, which is supplemented by advertising. At just $7.99 per month, it’s much cheaper than the platform’s Standard ($17.99 per month) and Premium ($24.99 per month) tiers.

    While a cheaper tier sounds bad for Netflix’s financial results, each member in this category actually becomes more valuable over time, because the company can charge more money for ad slots as the subscriber base grows. Additionally, Netflix has invested heavily in live content like boxing matches, National Football League (NFL) games, and even weekly World Wrestling Entertainment (WWE) programs, which attract premium ad prices.

    Netflix generated $45.2 billion in total revenue during 2025, and although advertising accounted for just $1.5 billion of that figure, it grew by a whopping two and a half times compared to 2024. Management expects ad revenue to double again in 2026 to around $3 billion, so it’s quickly becoming an important part of the business.

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  • Paramount Skydance raises bid for Warner Bros. Discover to $31 per share

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    Warner Bros. Discovery said on Tuesday that Paramount Skydance had raised its bid to acquire the entertainment and media company to $31 per share.

    The revised offer raises the heat on streaming giant Netflix, which in December agreed to buy Warner Bros. Discovery deal for $27.75 per share, or $82.7 billion, to match Paramount Skydance’s bid or abandon the deal. 

    Still, Warner Bros. Discovery said in a news release that its board of directors has not determined whether Paramount Skydance’s latest offer is superior to Netflix’s deal. 

    “WBD will engage further with [Paramount Skydance] to determine if a proposal that constitutes a ‘Company Superior Proposal,’ as defined in the Netflix Merger Agreement, can be reached,” Warner Bros. Disovery said.

    Paramount Skydance’s revised offer includes a $7 billion termination fee if the deal fails to close because of regulatory concerns, according to Warner Bros. Discovery. Paramount Skydance would also cover a $2.8 billion termination fee that Warner Bros. Discovery would be required to pay if it ends the Netflix deal. 

    The sweetened bid comes a week after Warner Bros. Discovery said it would resume talks with Paramount Skydance, the owner of CBS News, to discuss its previous $30 per share bid.

    Earlier in the day, Warner Bros. Discovery said in a statement that its merger agreement with Netflix remains in effect and that its board of directors ” continues to recommend” the deal.

    The latest development raises the stakes in the contest over Warner Bros. Discovery, which, along with its streaming and film studios, also owns cable channels including Food Network, HBO Max, HGTV, TBS and TNT. 

    Paramount Skydance has said that its bid represents a superior financial offer for Warner Bros. Discovery shareholders, while also describing Netflix’s bid as likely to run afoul of U.S. antitrust laws. 

    Netflix’s deal is only for Warner Bros. Discovery’s studio and streaming business, with the takeover slated to occur after Warner spins off its television networks. Paramount Skydance is bidding to acquire all of Warner Bros. Discovery’s assets.

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  • Mark Ruffalo Questions James Cameron’s Criticism of the Netflix-Warner Bros Deal

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    Photo-Illustration: Images: Getty Images, Illustration: Vulture

    Mark Ruffalo isn’t buying into James Cameron’s plea to Congress to reconsider the Netflix-Warner Bros deal. Cameron wrote a letter to Senator Mike Lee, who’s on the antitrust committee, claiming that if Netflix bought Warner Brothers, it would destroy the film industry. But Ruffalo questions whether Cameron would have a different viewpoint if Paramount were buying WB. “So… the next question to Mr Cameron should be this…’Are you also against the monopolization that a Paramount acquisition would create? Or is it just that of Netflix?’,” Ruffalo shared on Threads, alongside a link to an article about Cameron’s letter. “I think the answer would be very interesting for the film community to hear and one that should be asked immediately. Is Mike Lee against the Paramount sale as well? Is he as concerned about that as he is the Netflix sale?”

    Ted Sarandos, the co-CEO of Netflix, also had some words for Cameron as well. “I respect Mr. Cameron enormously and I love his work. But his letter to you knowingly misrepresents ourposition and commitment to the theatrical release of Warner Bros. films,” Sarandos began. He then explains that he met with both Cameron and Lee and reiterated his promise of a 45-day distribution window. He also claimed that if Paramount Skydance bought Warner Bros instead of Netflix, it would cut about $16 billion from the film industry to offset the purchase. Right now, Paramount Skydance is still in its 7-day window of discussion with Warner Bros to try to make another offer, and shareholders still have to vote to approve the deal in March. But right now, it seems like the only ones happy with the current deal are Netflix.

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    Alejandra Gularte

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  • Warner Bros. Discovery restarts takeover talks with Paramount Skydance

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    Warner Bros. Discovery said on Tuesday that it will resume acquisition talks with Paramount Skydance after Netflix, which last year agreed to buy the entertainment company, gave Warner seven days to explore a new offer. 

    Warner Bros. Discovery said in a news release that it would engage with Paramount Skydance (the parent company of CBS News) to discuss the company’s $30 per share bid and clarify terms of the deal. 

    Warner Bros. Discovery also said that a “senior representative” for Paramount Skydance had informed a member of Warner’s board of directors that it would raise its bid to $31 per share and potentially discuss further enhancing its offer. 

    Paramount Skydance has said its bid for Warner Bros. Discovery is financially superior to Netflix’s $27.75 per share offer and that it is more likely to receive approval from federal antitrust regulators. 

     “Every step of the way, we have provided [Paramount Skydance] with clear direction on the deficiencies in their offers and opportunities to address them,” Warner Bros. Discovery CEO David Zaslav said in a statement. “We are engaging with [Paramount Skydance] now to determine whether they can deliver an actionable, binding proposal that provides superior value and certainty for WBD shareholders through their best and final offer.” 

    Netflix said Warner Bros. Discovery has until Feb. 23 to negotiate a possible deal with Paramount Skydance.

    Warner Bros. Discovery said its board of directors is still advising investors to vote in favor of its deal with Netflix. Shareholders are scheduled to vote on the Netflix bid on March 20.

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  • ‘EPiC: Elvis Presley in Concert’ Review: Baz Luhrmann Raids the Vaults for an Electrifying Companion Piece to His 2022 Bio-Drama

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    There’s a huge difference between memorializing a piece of pop culture and reanimating it. Dutch DJ-producer-musician Tom Holkenborg, who records as Junkie XL, achieved the latter in 2002, taking the semi-obscure 1968 Elvis Presley song “A Little Less Conversation” and remixing it for a Nike commercial. By adding an unrelenting backbeat, punching up the guitars and horns and funkifying the drums, the electronic overhaul transformed a throwaway tune recorded for a minor Presley movie into a 21st century global smash, catching fire in dance clubs and reaching No. 1 in over 20 countries. The track now lives on as a classic banger.

    Four years after his glittering bio-drama, Elvis, Baz Luhrmann pulls off something akin to Holkenborg’s magic act with EPiC: Elvis Presley in Concert. The Australian director doubles down on his worship of a subject whose flamboyant showmanship, soaring emotions, perpetual motion and ravenous taste for bling make them very much kindred spirits. It’s as if Luhrmann were conducting a séance, awakening Elvis from the afterlife with a raw vitality and outsize energy that are rare even among the living.

    EPiC: Elvis Presley in Concert

    The Bottom Line

    The King is reborn.

    Release date: Friday, Feb. 20 (IMAX); Friday, Feb. 27 (wide)
    Director: Baz Luhrmann

    Rated PG-13,
    1 hour 36 minutes

    Calling the movie an archival doc or concert film might be accurate but somehow seems almost reductive. Much more than that, it’s a transcendent theatrical experience, an exhilarating party, a giddying visual and sonic blitz that will be an elixir to the Elvis faithful and an unparalleled primer for those who have never quite grasped what all the hysteria was about. The acronym that serves as the title is not at all hyperbolic. See the film on the biggest screen with the loudest multidimensional sound system possible and believe.

    While he was making Elvis, Luhrmann began chasing after rumored footage shot for the 1970s concert films Elvis: That’s the Way It Is and Elvis on Tour but never used. In what sounds almost like an archeological dig, researchers found that material — 69 boxes of film negative totaling 59 hours — in Warner Bros. film vaults buried in underground salt mines in central Kansas. Additional Super 8 footage was discovered in the Graceland Archives, previously seen only in poor-quality bootlegs, plus a forgotten recording of Presley talking expansively about his life and career.

    That latter find along with known recordings allows Luhrmann to construct his film as a first-person account; Elvis walks us through various aspects of his personal history and stardom, with candor, humor and even welcome humility.

    Some detractors accused Luhrmann of beatifying his subject in Elvis — failing to take the superstar to task for his public neutrality on civil rights issues despite his freely acknowledged debt to the influence on his sound of Black music, particularly gospel and R&B. Those critics are unlikely to come away from EPiC feeling differently, though Luhrmann’s choice of images and calculated edits points up the very controlling hand of “Colonel” Tom Parker over the persona Elvis presented to the world.

    In Luhrmann’s defense, he’s neither the first nor the last director to present immortal celebrity giants like Elvis, Marilyn Monroe, James Dean or Judy Garland as prisoners, or even victims, of their fame. Besides, this film makes no claims to do anything other than celebrate a legendary entertainer in full command of his powers.

    While his Vegas residency at the International Hotel from 1969 to 1976 might be considered past that point, any effects of prescription drug abuse, weight gain and medical crises are negligible in footage that intercuts between those template-setting shows, tour dates and the rehearsal studio, often within the same song.

    Working with Peter Jackson’s sound and picture restoration facilities in New Zealand, Luhrmann is able to present performances with crisp definition, lush colors and crystalline sound that give EPiC the same kind of thrilling, you-are-there immersive quality as great concert films like Jonathan Demme’s Stop Making Sense or Spike Lee’s American Utopia.

    Nodding to the pearl-clutching caused by his stage gyrations, Presley skirts the issue of sexual suggestiveness. “Some people wonder why I can’t stand still while I’m singing,” he says. “I’ve tried it and I can’t do it.” Luhrmann is no stranger to continuous motion; his kaleidoscopic montages seem to spring from the same music-driven impulses as Presley’s dance moves.

    Quick recaps cover the conservative backlash calling rock ‘n’ roll a cause of teenage delinquency; Elvis’ rise as a teen idol in formulaic bubblegum movies that molded his dreamboat image, whether as a cowboy, a race car driver or a beachnik; the media frenzy when he was drafted in 1958, eventually assigned to a U.S. Army division in West Germany; and his return to Hollywood, where attempts to rebrand himself as a serious actor floundered.

    As soon as his movie contracts were done, Elvis threw himself back into live performances, eager to reconnect with his audience. Luhrmann and editor Jonathan Redmond thread biographical material throughout in the subject’s own words — no talking heads here — but the dominant focus becomes the shows. The director pulls back on his propensity to cut everything like a movie trailer and allows key numbers to play out at length. Presley comes across as the most generous of performers, holding nothing back in primal-energy concerts that leave him drenched in sweat.

    Footage of the Vegas residency is especially vibrant in showing the bond between the idol and his fans, whether he’s beguiling them with velvet-vibrato seduction, pulsing like a turbo generator, striking karate poses or ascending to a massive finish on powerful gospel anthems like “How Great Thou Art.” His roof-raising take on Simon & Garfunkel’s “Bridge Over Troubled Water” will leave you breathless.

    The shrieking young women are hilarious, as are their hairdos. One very funny snippet has Elvis giving a sweet peck on the cheek to a little girl at the lip of the stage followed by what appears to be her big sister latching her lips onto him like a mollusk before being peeled off by her mother. One woman holds up a sign reading “Kiss Me I Quiver,” which probably sounded less risqué in those more innocent times than it would today.

    Watching Elvis interact with his musicians or flirt with his backup singers helps consolidate the impression that everyone on stage is having a blast. What’s remarkable is how spontaneous the shows feel, never slick or over-rehearsed, as if the guy in charge is intentionally keeping it loose.

    The doc benefits from mostly going light on over-exposed monster hits like “All Shook Up,” “Hound Dog,” “Jailhouse Rock” or “Heartbreak Hotel,” instead favoring live staples like the rousing “Poke Salad Annie,” “Little Sister” with detours into “Get Back,” or “Never Been to Spain.”

    That said, canonical tunes like “Suspicious Minds” and “Burning Love” up the excitement, while love songs “Are You Lonesome Tonight” and “I Can’t Stop Loving You” shift into more intimate mode. “Always On My Mind” adds some depth of feeling to an otherwise perfunctory acknowledgment of his wife, Priscilla Presley, whose story of trying to retain a sense of herself while being suffocated by her husband’s aura of adulation was told so tenderly in Sofia Coppola’s bio-drama.

    In addition to the electric stage sequences, I particularly enjoyed glimpses into the rehearsal studio where much of the material for the Vegas act takes shape. In his super-cool chrome aviator sunglasses and a truly amazing iridescent psychedelic print shirt, Elvis gives the air of just hanging with friends as he dips into Beatles covers like “Yesterday” and “Something.”

    The fashions in general are spectacular, none more so than the wild, custom-designed jumpsuits that were his Vegas signature — with lace-up chest closures, Napoleonic collars, half-capes, bell-bottom pants and whopping great belts befitting a wrestling champion, all of it embellished with gems, rhinestones, rivets and fringes.

    One of the most remarkable things about EPiC, however, is that despite the outlandishness of the costumes, the movie never feels kitsch or frozen in time. It’s a pulse-pounding, foot-tapping, body-quaking record of a consummate performer, and Luhrmann reaffirms his love by making it too ecstatically alive ever to feel like a museum piece. To quote Ed Sullivan, who famously told his cameramen to shoot Elvis only from the waist up for the sake of family-audience wholesomeness, it’s “a really big show.”

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    David Rooney

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  • DOJ is investigating if Netflix used anticompetitive tactics as part of its merger probe

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    Netflix’s acquisition of Warner Bros. Discovery isn’t quite a done deal yet. As first reported by The Wall Street Journal, the US Department of Justice has started its probe of Netflix’s proposed purchase, but is notably interested in whether the streaming giant was involved in any anticompetitive practices. According to the civil subpoena seen by WSJ, the Justice Department is looking into any “exclusionary conduct on the part of Netflix that would reasonably appear capable of entrenching market or monopoly power.”

    While Netflix announced plans to acquire Warner Bros. Discovery in December at a value of $82.7 billion, the deal was expected to close in 12 to 18 months, subject to required regulatory approvals. The DOJ has the power to block the transaction and this investigation could hint at the agency’s approach, which may involve proving that Netflix put its competition at an unfair advantage.

    Netflix’s attorney, Steven Sunshine, told WSJ that this probe was standard practice and that, “we have not been given any notice or seen any other sign that the DOJ is conducting a separate monopolization investigation.” Netflix also said in a statement that it’s “constructively engaging with the Department of Justice as part of the standard review of our proposed acquisition of Warner Bros.” According to WSJ, the investigation is still in its early stages and could take up to a year to complete.

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    Jackson Chen

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  • Warner Bros. Moves ‘Clayface’ & ‘Practical Magic 2’ Dates

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    Oh, that’s why we haven’t seen or heard anything from Clayface yet: it’s coming out a little later in 2026 than before.

    Warner Bros. revealed on Friday that it’s done some slight release date shifting, so the DC movie has vacated September 11 and moved to October 23. On its original date now is Practical Magic 2which was originally dated for the following weekend on September 18.

    With its new date, Practical Magic 2 begins the studio’s horror and genre slate for the fall season. In previous years, the early September window was occupied by The Conjuring: Last Rites and Beetlejuice Beetlejuice, and both of those did really well during their respective theatrical runs.

    Meanwhile, Clayface’s late October slot will make it WB’s big movie for the month. The Batman villain’s solo film is directed by James Watkins of the Speak No Evil remake and written by horror guy (and future The Exorcist director) Mike Flanagan, and ideally, it’ll hit big during Halloween, similar to how Black Phone 2 did for Universal last year in a similar window. It’s supposed to be a body horror movie about a man with shapeshifting powers, how could it not be scary?

    So Practical Magic 2 on September 11 and Clayface on October 23, with teasers for both hopefully soon.

    [via Deadline]

    Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.

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    Justin Carter

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  • Penélope Cruz, Kieran Culkin, Jude Law, Emma Mackey & Owen Wilson In Final Talks For Nancy Meyers Movie At Warner Bros

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    Nancy Meyers‘ next untiled feature is officially moving forward at Warner Bros after the studio took it in turnaround from Netflix back in 2023. It’s Meyers first time behind the camera in 11 years; her last movie being Warner Bros. Anne Hathaway and Robert De Niro comedy The Intern.

    The previous iteration had Oscar winner Penélope Cruz and Owen Wilson attached, and they’ll remain aboard with Oscar winner Kieran Culkin, Jude Law and Emma Mackey in talks to join. The studio has set a Christmas Day 2027 theatrical release for the pic which Meyers also penned.

    The logline remains under wraps with anything that’s been previously out there, untrue.

    Producers are Meyers and Ilona Herzberg with Diana Pokorny executive producing.

    The latest Meyers movie was previously set at Netflix with in addition to Wilson and Cruz, Scarlett Johansson and Michael Fassbender in talks. The pricetag was between $130M-$150M with $80M for above-the-line costs. Netflix couldn’t do it. We hear that Warner Bros is making the movie at a significantly lower cost than the project was conceived at. Two days after Netflix pulled the plug in mid-March 2023, the project moved over to Warners where they’ve been passionate about mounting the project. At one point, Adam Driver was kicking the tires before he committed to Michael Mann’s Heat 2.

    The CAA, Untitled and Kuranda repped Cruz won Best Supporting Actress at the Oscars for Woody Allen’s Vicky Cristina Barcelona and received three additional Oscar nominations for Volver, Nine, and Parallel Mothers. Her recent film credits include Ferrari, directed by Michael Mann, and she next stars in the upcoming Warner Bros. release The Bride!, directed by Maggie Gyllenhaal.

    The WME and Brookside Artist Management repped Culkin won an Oscar, BAFTA and Golden Globe in the supporting actor category for his turn in Searchlight’s A Real Pain last year as well as an Emmy and Golden Globe for HBO’s Succession. Film credits include Igby Goes Down, Scott Pilgrim vs. the World, and Steven Soderbergh’s No Sudden Move for HBO Max.

    Tony and Golden Globe award nominee Jude won a BAFTA Award and received an Academy Award nomination for The Talented Mr. Ripley and earned an additional Oscar® nomination for Cold Mountain. His extensive film credits include The Order, Sherlock Holmes, and the Netflix series Black Rabbit. The actor is represented by CAA, Julian Belfrage Associates, Jackoway Austen, and Pippa Beng.

    Mackey recently starred in James L. Brooks’ 20th Century Studios dramedy, Ella McCay. She is best known for her breakout role as Maeve Wiley in Netflix’s Sex Education, as well as portraying Emily Brontë in Warner Bros’ film Emily. Her upcoming projects include A24’s film Peaked directed by and starring Molly Gordon, and Greta Gerwig’s forthcoming Narnia adaptation for Netflix. The actress is repped by CAA, Johnson Shapiro Slewett & Kole, and Ziffren Brittenham.

    Wilson was nominated for an Original Screenplay Oscar for co-penning Wes Anderson’s The Royal Tenenbaums. He is the star of the Meet the Parents franchise and it’s upcoming sequel, Focker In-Law. He stars on Apple TV’s Stick series and Disney+/Marvel Studios’ Loki. Other pic credits include Anderson’s The French Dispatch, Bottle Rocket, The Grand Budapest Hotel, Life Aquatic, and Royal Tennebaums to name a few. He is repped by UTA and Hirsch Wallerstein Hayum Matlof + Fishman LLP.  

    Currently, there are no other wide entries on Christmas Day 2027, but the Meyers movie will bow in the wake of Warner Bros/New Line’s The Hunt for Golum movie and Disney/Marvel Studios’ Avengers: Secret Wars on Dec. 17.

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    Anthonypauldalessandro

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  • Best Animated Superhero Movies on HBO Max (January 2026)

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    Warner Bros. was once famed for their animation department. While originally devoted to theatrical shorts, the animators began devoting more time to television and film productions. These included superhero movies set in the DC Universe. Today, many of these films are available for streaming on HBO Max.

    What are the best animated superhero movies on HBO Max?

    Unfortunately, the full library of animated superhero movies made by Warner Bros. Animation is not freely available on HBO Max. In recent years, the streaming service has become infamous for cutting costs by not hosting the full Warner Archive. Despite this, there are still some great animated DC Comics movies available.

    Batman: Mask of the Phantasm (1993)

    There is considerable debate among superhero fans as to which of the many Batman movies is the best. Whenever these discussions happen, there is one dark horse candidate that some argue against purely because it is animated. That movie is Batman: Mask of the Phantasm.

    Ten years after beginning his war on crime, Batman encounters a new vigilante who doesn’t share his code against killing. This Phantasm begins targeting the gangsters of Gotham City, leading the Dark Knight to seek a common link. The trail leads to businessman Carl Beaumont, who is recently returned to Gotham City after a decade abroad. It also leads Bruce Wayne to reconnect with Beaumont’s daughter, Andrea, who almost got him to give up the superhero life before breaking their engagement without explanation.

    Produced by the same creative team behind Batman: The Animated Series, Mask of the Phantasm plays out like an extended episode of the show. The same moody orchestral music is on-hand, along with the series’ trademark Art Deco backgrounds painted on black paper. It is the script and the voice acting, however, that truly make the movie a classic.

    Kevin Conroy delivered many classic performances as the Dark Knight, but Mask of the Phantasm was his first truly great one. The scene in which Bruce Wayne pleads at his parents’ grave during a thunderstorm was truly groundbreaking for the time. Both in terms of portrayals of Batman and superhero animation aimed at adults.

    Dana Delaney also earned accolades for her performance as Andrea Beaumont. Many believe her work here led to her being cast as Lois Lane in Superman: The Animated Series. And unsurprisingly, Mark Hamill delivers a perfect performance as The Joker.

    Green Lantern: Emerald Knights (2011)

    For ages untold, the Green Lantern Corps has protected the universe. Now, the sun of their home base on the planet Oa is under attack by forces from the Anti-Matter universe. As the Corps prepare for the greatest battle in their history, a new recruit named Arisia questions her worthiness to be a Green Lantern. However, her spirits are boosted by veteran Lanterns Hal Jordan and Sinestro, who tell her tales of the challenges faced by other members of the Corps.

    There have been quite a few animated movies based upon the Green Lantern comics. However, Green Lantern: Emerald Knights is easily the best. Part of this is due to the anthology format, which allows it to tell several stories within the frame of the larger conflict.

    The best of these is adapted from a comic by Watchmen creators Alan Moore and Dave Gibbons. It concerns an evil warrior known as Bolphunga the Unrelenting, who hunts the mightiest warriors in the universe. He seeks out a legendary Green Lantern called Mogo, and ultimately learns just why Mogo is respected and feared in equal measure.

    Green Lantern: Emerald Knights also boasts one of the most impressive voice casts of any animated superhero movie. Elisabeth Moss of The Handmaid’s Tale plays Arisia, while Jason Isaacs lends his voice to Sinestro. Henry Rollins plays the Green Lantern drill sergeant Killowog, while Bolphunga the Unrelenting is voiced by wrestling legend and They Live star Roddy Piper. It is Nathan Fillion’s performance as Hal Jordan, however, which anchors the film. It also led to Fillion recreating the role of Hal Jordan for the DC Animated Movie Universe, from 2013 to 2020.

    Justice League: Doom (2012)

    The immortal Vandal Savage has schemed to take over the world for millennia. His latest plan involves two elements. First, a Legion of Doom made up of the greatest enemies of the Justice League. Secondly, an attack from within using plans designed by Batman to stop his superhero allies should they ever get out of control.

    The villains divide and conquer, putting their archenemies in dire straits. The only thing that might save them is the efforts of Cyborg, the new recruit who was overlooked in Savage’s plans. But even if the superheroes save the day, will the Justice League recover from the revelation that it was Batman’s plans that almost killed them?

    Justice League: Doom is not set in the DC Animated Universe. This is made clear by the presence of Nathan Fillion as Green Lantern Hal Jordan and the absence of Hawkgirl. It also features a dramatically different animation style.

    However, the film was scripted by Justice League Unlimited producer Dwayne McDuffie and adapted from the classic Justice League storyline ‘Tower of Babel.’ The movie also featured many voice actors from the DC Animated Universe, including Kevin Conroy as Batman and Tim Daly as Superman. This gives Justice League: Doom a familiar feeling, despite the darker tone and art direction. It also features some intense action scenes, such as The Flash reenacting the movie Speed on-foot, after being tagged with a velocity-sensitive bomb.

    The Lego Batman Movie (2017)

    The Lego Movie was a surprise smash when it was released in 2014. However, the film’s version of Batman, voiced by Will Arnett, was far and way the film’s breakout character. Three years later, he reprised the role in The Lego Batman Movie.

    The film finds Batman in a panic, as new Police Commissioner Barbara Gordon plans to restructure the GCPD so they don’t need Batman. This leads him to go over the edge to prove his worth and accidentally enable Joker’s jail-break from the Phantom Zone. However, with the help of his new adopted son, Robin, a new Batgirl, and his butler Alfred, Batman may learn the value of family and that he doesn’t need to do everything on his own.

    The Lego Batman Movie contains more of the same jokes about Lego figures from The Lego Movie. However, it also features a number of Easter eggs involving the DCU and DC Comics. Throw in a great ensemble including Michael Cera as Robin and Zach Galifianakis as Joker, and you have a movie that is as touching as it is funny.

    Justice League Dark: Apokolips War (2020)

    Knowing the threat Darkseid poses to Earth, the Justice League and Teen Titans join forces to stop him once and for all. They fail. Most of the superheroes are killed in the battle or enslaved by the armies of Apokolips.

    Two years later, a depowered Superman tries to rebuild what was lost and save the Earth. With the aid of Lois Lane, Raven, Robin, and John Constantine, he will build a new superhero team. They will even draw upon the Suicide Squad in Earth’s darkest hour. However, it may be too late to save their universe, much less the Earth.

    Justice League Dark: Apokolips War was a coda for the first chapter of the DC Animated Movie Universe. It was also proof that WB Animation could produce adult superhero anime and do it well. Again, the movie featured a stunning script and a talented voice ensemble. The stand-out, however was Matt Ryan, recreating the role of John Constantine after playing him in live-action in the Arrowverse.

    How we picked the best animated superhero movies on HBO Max in 2026

    Beyond the question of whether it was available on HBO Max or not, three criteria informed this list. First, is the movie well-regarded and historically important? Second, is it adapted from a notable comic book story? Finally, does it feature great voice acting?

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  • David Ellison extends deadline for Warner Bros. Discovery takeover offer

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    Paramount Skydance CEO David Ellison is apparently still hopeful that investors will approve his $108.4 billion hostile takeover of Warner Bros. Discovery. Paramount Skydance announced Thursday that it’s extending its all-cash offer to acquire the storied studio, and giving investors until February 20, 2026 to accept. The company’s previous offer expired on January 21, but with a lawsuit in the works and a revised Netflix deal to compete with, Paramount Skydance wants to stay in the conversation.

    Netflix and Warner Bros. Discovery originally announced their $82.7 billion acquisition agreement in December 2025. Netflix’s deal is for a significant portion, but notably not all, of Warner Bros. Discovery as it exists today. If approved, the streaming service would acquire Warner Bros. film studios, New Line Cinema, HBO, HBO Max, the company’s theme parks, game studios and select linear channels like TNT, but not the collection of reality TV and news programming that Warner Bros. Discovery calls “Global Networks.”

    Paramount Skydance made its competing offer of $108.4 billion for all of Warner Bros. Discovery a few days later in December, with the recommendation that shareholders reject the Netflix deal. To add pressure, Paramount Skydance also sued Warner Bros. Discovery in January alleging that the company had not provided adequate information about why it favored Netflix over Paramount. Beyond offering more money, Paramount contends its deal is more likely to be approved by regulators because owning Warner Bros. doesn’t “entrench Netflix’s market dominance.” Warner Bros. Discovery claims that funding for Paramount’s deal “remains inadequate” and that the company is uncertain Paramount Skydance will actually be able to complete the deal.

    David Ellison was previously able to merge Skydance with Paramount using the financial backing of his billionaire father Larry Ellison, and the Ellison family’s friendly relationship with the Trump administration. Promising to make sure that CBS News represents “a diversity of viewpoints” via a newly appointed ombudsman, and that the merged Paramount Skydance won’t create any diversity, equity and inclusion programs was enough to get the FCC to approve the merger. Ellison might have thought acquiring Warner Bros. Discovery would be equally easy, but at least so far that hasn’t worked out as planned.

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    Ian Carlos Campbell

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  • Netflix revises its offer for Warner Bros. Discovery to make it an all-cash transaction

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    Netflix is revising its $72 billion offer for Warner Bros. Discovery to make it an all-cash transaction, sweetening the bid as rival Paramount Skydance continues with its hostile takeover attempt for the Hollywood studio.

    Netflix initially offered a cash and stock deal valued at $27.75 per Warner Bros. share, giving it a total enterprise value of $82.7 billion, including debt. 

    On Tuesday, Netflix said the revised offer simplifies the transaction structure, providing more clarity on its value for Warner Bros. stockholders and speeding up the path to a Warner Bros. shareholder vote.

    The companies said the all-cash transaction is still valued at $27.75 per share. Stockholders will also receive shares of Discovery Global following its separation from Warner Bros.

    The revised offer comes amid Netflix’s tussle with Paramount Skydance, the parent company of CBS News, for ownership of Warner Bros. Earlier this month, Warner Bros. Discovery’s board of directors rejected Paramount Skydance’s revised hostile bid, saying that its terms are inferior to Warner’s $82.7 billion merger agreement with Netflix.

    Last week, Paramount took another step in pursuing its hostile takeover bid for Warner Bros., saying that it would name its own slate of directors before the next shareholder meeting of the Hollywood studio.

    The boards of both Netflix and Warner Bros. Discovery have approved the amended all-cash deal. 

    Netflix’s stock rose 61 cents, or 0.7%, to $88.62 in early trading. Warner Bros. Discovery shares slipped 0.7%.

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  • The Fight for Warner Bros. Is Paramount’s Most Embarrassing Moment Yet

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    Ever since Disney got the green light to acquire Fox, every corporation’s decided it’d like to do the same thing. What was once a thing that frankly shouldn’t have happened and hasn’t tangibly benefitted anyone beyond letting folks say “[x IP] is awesome again!” and “Wolverine can fight the Hulk!” is now just an average part of our day as corps keep trying to out-acquire one another and turn themselves into empires.

    Warner Bros. is the latest company under threat of acquisition, with Netflix and Paramount both trying to be the next owner of Batman and Game of Thrones. At first, it seemed Netflix would easily bring another addition to its (mostly) anti-theatrical stable, but Paramount (which merged with Skydance just last year) just won’t have it. Current CEO David Ellison has complained, cried foul, and more recently filed a lawsuit as a means of blocking the deal WB’s shareholders already approved. At time of writing, a judge ruled that the Transformers studio hasn’t “identified [or suffered] any cognizable, irreparable harm” from the deal to come and therefore can’t fast track said suit as WB continues finalizing its deal with Netflix. He’s not giving up, though, as he’s now looking to rally European support to continue his efforts.

    For those not keeping track at home, Ellison’s tried at least a dozen times now (again, at the time of writing) to convince Warner Bros.’ shareholders to let Paramount be the one to acquire it. And each time, those shareholders have told him in no uncertain terms their eyes are on Netflix and his offers are no good. Whether that’s the actual reason or there’s some lingering beef from last year’s war over South Park streaming rights, getting WB has become Ellison’s white whale, his hill to die on in the hopes of gaining near-total control over middle America on the entertainment and news level.

    Ellison is clearly not above using his family connections and ameliorating federal interest to get the deals he wants—that’s already been cause for concern in how Paramount’s been going; it’s understandable there are corners of Hollywood that fear the same is happening with his desperation for WB. More than the unrestricted access to hundreds of IPs, new and old, he wants CNN as a means of making himself look worthwhile to U.S. president Trump and twisting another legacy news outlet into a vessel for ego stroking and appeasement.

    In a just, better world, Warner Bros. would look at its successful run of films in 2025 and declare itself not for sale at all, actually. After five years of being jerked around by different parent companies and rebranding itself 80 times, it certainly could’ve used the back half of the 2020s using that momentum to get back to what it does best. There is no legitimate reason for either Paramount or Netflix to own it; monopolies are bad, corporate interference is worse, and like many studios, WB has been at its best when it gets out of its own way.

    Instead, we’re all forced to watch a man with more money than he needs and who owns one of Hollywood’s biggest studios fail to repeat his “success.” This is all so many things at once: it’s predictable (and scary) that Ellison’s looking to make his mark on the world just by buying as much of the entertainment industry as possible, just as it’s darkly hilarious that he’s managed to torch CBS News and 60 Minutes but can’t seal the deal here. Were this a recurring gag on a season of TV like The Studio or 30 Rock, it might be an entertaining one to watch him get slapped down each time he goes to WB’s shareholders.

    But this isn’t a TV show; it’s real life, and it’s just dumb that this is all happening. Corporate acquisitions have always been bad, and since the Disney-Fox merger, they’ve become a spectacle unto themselves, from announcing that discussions have been had to the eye-rollingly cringe celebratory video when the deal is completed. By now, we know there’s no real “magic” to come out of these, just layoffs and exhaustion. Whoever ultimately gets Warner Bros., Paramount’s dogged pursuit of the studio makes all this more exhausting than usual—and unfortunately, it’s likely to inspire other corps to not take multiple “no’s” for an answer.

    Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.

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    Justin Carter

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  • Busfield Defense Details Polygraph Results in New Court Filing

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    Defense challenges detention bid in TV-set child abuse case, highlighting polygraph results and dozens of support letters

    Attorneys for actor and director Timothy Busfield are urging a Bernalillo County judge to reject prosecutors’ request to keep him jailed until his trial, arguing the state’s case against him relies on unreliable witnesses, disputed allegations, and ignores multiple independent findings that he poses little to no risk if released. His lawyers revealed polygraph results, letters of support, and more in a recent exhibit-heavy filing.

    Busfield, an Emmy Award–winning actor and director, had a warrant out for his arrest on January 9 after being charged with felony criminal sexual conduct counts tied to allegations stemming from his work as a director on the television series “The Cleaning Lady,” which filmed in New Mexico. Busfield surrendered on January 13 after authorities reported that US Marshals had joined efforts to locate him. Court filings show that several defense-initiated evaluations, including a psychosexual assessment and a polygraph examination, were conducted on January 12 and 13, indicating that Busfield was already actively preparing his defense before turning himself in.

    The charges originated from claims made by the parents of child actors who appeared on the show, alleging inappropriate conduct toward one of their children during the 2022–2024. Busfield has denied all allegations.

    In a 237-page response filed ahead of Busfield’s January 20 pre-detention hearing, defense attorneys Amber Fayerberg and Christopher Dodd argue prosecutors have failed to meet New Mexico’s constitutional standard for pretrial detention, which requires “clear and convincing evidence” that no combination of release conditions could reasonably protect the public. According to the defense filing, the allegations first surfaced after the children were recast from the series in 2024 and escalated only after the parents consulted civil attorneys. Defense attorneys argue the timing is significant, noting that two independent investigations commissioned by Warner Bros. Studios found no corroboration for the claims and concluded there was no evidence of inappropriate conduct or opportunity for a director to be alone with minors on a tightly supervised set.

    The defense claims prosecutors are seeking detention as a matter of routine rather than based on Busfield’s individual circumstances, pointing to public statements by the DA in a recent press conference describing detention motions as “standard practice.” Attorneys argue that the approach runs counter to the presumption of innocence and New Mexico Supreme Court precedent.

    A central focus of the defense filing is the credibility of the state’s primary witnesses, the parents of the child actors, whom attorneys say have documented histories of fraud and financial misconduct- the motion details the alleged victim’s father is a disbarred former attorney convicted of federal wire fraud in a multimillion-dollar scheme, while the other has faced fraud judgments, casino bad-check cases, and allegations of asset concealment, including a court finding involving a Bentley sold and then unlawfully repossessed. The defense alleges the parents had clear financial and retaliatory motives following the loss of the children’s roles on the series (their contracts were not renewed) and provided claims that one parent threatened to “get” Busfield if the children were not brought back for another season. This statement was supported by witness affidavits included with the motion. The following is a statement from the director of photography, who is also among the 13 witnesses the defense plans to call on January 20:

    “The twins’ parents were odd. The father, Ronnie, creeped me out. He was pushy and manipulative. He would force the twins to give me a hug every single time I saw him on set. He thought I was important, and it seemed like he wanted me to really like the boys. I always thought it was very creepy and unhealthy to force a child to give someone a hug. Ronnie was very overbearing. He had a power-business, alpha-male attitude.” 

    Defense attorneys also argue that the criminal complaint omitted or mischaracterized witness statements. Several cast and crew members have since come forward (according to the filing) saying police summaries left out key details; this includes that minors were never unsupervised and that no inappropriate behavior was observed on set.

    Pretrial Services reportedly classified Busfield in the lowest possible risk category and recommended release on his own recognizance. He also voluntarily submitted to a court-qualified polygraph examination that found no deception, along with a psychosexual evaluation and ABEL assessment concluding he poses a very low risk and shows no sexual interest in minors. The filing revealed the polygraph questions as well, which showed Busfield passed.

    Credit: Fayerberg, Dodd LLC

    The filing also includes roughly 75 letters from not only Busfield’s wife, Melissa Gilbert, but also colleagues, educators, parents, and community members. The letters describe Busfield’s long history of professionalism and strong character and moral compass, which attorneys argue support release under the conditions. “Tim has the strongest moral compass of any human I have ever known,” Gilbert wrote. His “thirtysomethibng” cast mates Ken Olin, Peter Horton and Patricia Wellig Olin, also penned similar letters of support. Here’s Gilbert’s letter:

    The filing also states Busfield, through his attorneys, attempted to coordinate an orderly surrender and traveled to New Mexico voluntarily, arguing that choosing self-surrender over extradition does not actually demonstrate a flight risk.

    Busfield is due back in court on January 20 to determine whether or not he will be released before his trial.

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    Lauren Conlin

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  • Warner Bros rejects takeover offer from Paramount – National | Globalnews.ca

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    Warner Bros. again rejected a takeover bid from Paramount and told shareholders Wednesday to stick with a rival offer from Netflix.

    Warner’s leadership has repeatedly rebuffed Skydance-owned Paramount’s overtures — and urged shareholders just weeks ago to back its the sale of its streaming and studio business to Netflix for $72 billion. Paramount, meanwhile, has sweetened its $77.9 billion offer for the entire company and gone straight to shareholders with a hostile bid.

    Warner Bros. Discovery said Wednesday that its board determined Paramount’s offer is not in the best interests of the company or its shareholders. It again recommended shareholders support the Netflix deal.

    “Paramount’s offer continues to provide insufficient value, including terms such as an extraordinary amount of debt financing that create risks to close and lack of protections for our shareholders if a transaction is not completed,” Warner Bros. Discovery Chair Samuel Di Piazza Jr. said in a statement. “Our binding agreement with Netflix will offer superior value at greater levels of certainty, without the significant risks and costs Paramount’s offer would impose on our shareholders.”

    Story continues below advertisement

    Paramount did not immediately respond to a request for comment.

    Late last month Paramount announced an “irrevocable personal guarantee” from Oracle founder Larry Ellison — who is the father of Paramount CEO David Ellison — to back $40.4 billion in equity financing for the company’s offer. Paramount also increased its promised payout to shareholders to $5.8 billion if the deal is blocked by regulators, matching what Netflix already put on the table.

    For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

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    In a letter to shareholders, Warner expressed concerns about a potential deal with Paramount. It said it essentially considers the offer a leveraged buyout, which includes a lot of debt, and that it could take 12 to 18 months to close a deal.

    The battle for Warner and the value of each offer grows complicated because Netflix and Paramount want different things. Netflix’s proposed acquisition includes only Warner’s studio and streaming business, including its legacy TV and movie production arms and platforms like HBO Max. But Paramount wants the entire company — which, beyond studio and streaming, includes networks like CNN and Discovery.

    Story continues below advertisement

    If Netflix is successful, Warner’s news and cable operations would be spun off into their own company, under a previously-announced separation.

    A merger with either company will attract tremendous antitrust scrutiny. Due to its size and potential impact, it will almost certainly trigger a review by the U.S. Justice Department, which could sue to block the transaction or request changes. Other countries and regulators overseas may also challenge the merger.


    © 2026 The Canadian Press

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    Globalnews Digital

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  • Warner Bros. Discovery rejects Paramount Skydance’s latest hostile takeover bid

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    Warner Bros. Discovery’s board of directors on Wednesday rejected Paramount Skydance’s revised hostile bid, saying that its terms are inferior to Warner’s $82.7 billion merger agreement with Netflix.

    “Our binding agreement with Netflix will offer superior value at greater levels of certainty, without the significant risks and costs Paramount’s offer would impose on our shareholders,” Warner Bros. Discovery’s board said in a statement. 

    The rebuff is the second from Warner Bros. Discovery of Paramount Skydance’s efforts to acquire the storied studio, which has produced films such as “Casablanca” and the “Harry Potter” franchise and owns cable networks including CNN and TNT. 

    Paramount Skydance, the parent company of CBS News, owns the Paramount studios and cable networks including Comedy Central and Nickelodeon.

    Warner Bros. Discovery in December rebuffed Paramount Skydance’s most recent hostile bid, citing a lack of personal backing from the Ellison family. 

    Paramount Skydance later returned with an improved offer that included a personal guarantee from Oracle co-founder Larry Ellison — the father of Paramount Skydance CEO David Ellison — for $40.4 billion in equity financing.

    But on Wednesday, Warner Bros. Discovery turned down the latest offer as well, stating that Paramount Skydance’s bid posed “significant costs, risks and uncertainties” compared with the Netflix merger. Warner Bros. Discovery also said Paramount Skydance’s offer would burden the combined company with significant debt.

    Paramount Skydance didn’t immediately respond to a request for comment.

    Netflix on Wednesday said it “welcomed” Warner Bros. Discovery’s ongoing commitment to the companies’ merger. The streaming service added that it has submitted its Hart-Scott-Rodino filing with U.S. agencies, which is required for a review of potential antitrust issues. 

    Netflix agreed to buy Warner Bros. Discovery’s HBO network, as well as its streaming and studios business, for $27.75 a share. Under the deal, Warner’s cable division would be spun off into a separately run unit before the merger is completed.

    Netflix’s bid includes $23.25 in cash and shares of Netflix common stock representing a target value of $4.50. Paramount Skydance is offering $30 a share to buy all of Warner Bros. Discovery, valuing the offer at roughly $108 billion. 

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  • Warner Bros rejects takeover offer from Paramount, tells shareholders to stick with Netflix bid

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    Warner Bros. again rejected Paramount’s latest takeover bid and told shareholders Wednesday to stick with a rival offer from Netflix.Warner’s leadership has repeatedly rebuffed Skydance-owned Paramount’s overtures — and urged shareholders just weeks ago to back the sale of its streaming and studio business to Netflix for $72 billion. Paramount, meanwhile, has sweetened its $77.9 billion offer for the entire company and gone straight to shareholders with a hostile bid.Warner Bros. Discovery said Wednesday that its board determined Paramount’s offer is not in the best interests of the company or its shareholders. It again recommended shareholders support the Netflix deal.Late last month Paramount announced an “irrevocable personal guarantee” from Oracle founder Larry Ellison — who is the father of Paramount CEO David Ellison — to back $40.4 billion in equity financing for the company’s offer. Paramount also increased its promised payout to shareholders to $5.8 billion if the deal is blocked by regulators, matching what Netflix already put on the table.The battle for Warner and the value of each offer grows complicated because Netflix and Paramount want different things. Netflix’s proposed acquisition includes only Warner’s studio and streaming business, including its legacy TV and movie production arms and platforms like HBO Max. But Paramount wants the entire company — which, beyond studio and streaming, includes networks like CNN and Discovery.If Netflix is successful, Warner’s news and cable operations would be spun off into their own company, under a previously-announced separation.A merger with either company will attract tremendous antitrust scrutiny. Due to its size and potential impact, it will almost certainly trigger a review by the U.S. Justice Department, which could sue to block the transaction or request changes. Other countries and regulators overseas may also challenge the merger.

    Warner Bros. again rejected Paramount’s latest takeover bid and told shareholders Wednesday to stick with a rival offer from Netflix.

    Warner’s leadership has repeatedly rebuffed Skydance-owned Paramount’s overtures — and urged shareholders just weeks ago to back the sale of its streaming and studio business to Netflix for $72 billion. Paramount, meanwhile, has sweetened its $77.9 billion offer for the entire company and gone straight to shareholders with a hostile bid.

    Warner Bros. Discovery said Wednesday that its board determined Paramount’s offer is not in the best interests of the company or its shareholders. It again recommended shareholders support the Netflix deal.

    Late last month Paramount announced an “irrevocable personal guarantee” from Oracle founder Larry Ellison — who is the father of Paramount CEO David Ellison — to back $40.4 billion in equity financing for the company’s offer. Paramount also increased its promised payout to shareholders to $5.8 billion if the deal is blocked by regulators, matching what Netflix already put on the table.

    The battle for Warner and the value of each offer grows complicated because Netflix and Paramount want different things. Netflix’s proposed acquisition includes only Warner’s studio and streaming business, including its legacy TV and movie production arms and platforms like HBO Max. But Paramount wants the entire company — which, beyond studio and streaming, includes networks like CNN and Discovery.

    If Netflix is successful, Warner’s news and cable operations would be spun off into their own company, under a previously-announced separation.

    A merger with either company will attract tremendous antitrust scrutiny. Due to its size and potential impact, it will almost certainly trigger a review by the U.S. Justice Department, which could sue to block the transaction or request changes. Other countries and regulators overseas may also challenge the merger.

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  • Zazie Beetz Slices and Dices Her Captors in Gory ‘They Will Kill You’ Trailer

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    Zazie Beetz does not appear to be enjoying a restful hotel stay in the blood-soaked trailer for the forthcoming horror-comedy feature They Will Kill You.

    Warner Bros. releases director Kirill Sokolov’s movie in theaters March 27. Myha’la, Paterson Joseph, Tom Felton, Heather Graham and Patricia Arquette round out the cast.

    They Will Kill You centers on a newly hired housekeeper (Beetz) at a mysterious New York City hotel known as the Virgil. She soon learns that the building is the headquarters for a satanic cult, with the members having chosen to murder her as a sacrifice.

    In the trailer, Beetz gets this chilling warning: “This building is a temple to Satan. Each month, we must pay with a human sacrifice. Tonight, you are the offering.”

    Later, a character asks Beetz, “Where did you learn how to fight like that?” She responds by nonchalantly saying, “Prison.”

    Sokolov helmed the film from a script he co-wrote with Alex Litvak. Hailing from New Line Cinema and Nocturna, They Will Kill You counts Andy Muschietti, Barbara Muschietti and Dan Kagan as producers. Litvak and Sokolov executive produce the project alongside Russell Ackerman, John Schoenfelder and Carl Hampe.

    The Hollywood Reporter exclusively reported in August 2024 that Arquette and Felton had joined the movie’s cast.

    Beetz can currently be seen opposite André Holland and Kate Mara in The Dutchman, which hit theaters over the weekend. She also has a role in Gore Verbinski’s feature Good Luck, Have Fun, Don’t Die, set for theatrical release next month.

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    Ryan Gajewski

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