Photos of Netflix's Ted Sarandos & Greg Peters on the Warner Bros lot sure look like guys about to handed the keys to a iconic kingdom

The visit came on the same day that WBD's board officially rejected Paramount Skydance's hostile bid for the company.

WBD presented a chronology of events and meetings that occurred, leading to its deal to sell Warner Bros. studios and HBO Max to Netflix, following by David Ellison’s hostile takeover bid and the WBD board’s official rejection of the $30/share bid on Dec.

The battle for Warner Bros. Discovery spilled onto pages full of revelations big and small Wednesday, as the media giant defended the process of selecting Netflix as the winner in its auction. Company disclosures and a letter to shareholders from the board of directors explained the reasoning behind discarding Paramount as well as Comcast and

The hostile offer may outmuscle Netflix on price, but WBD’s decision hinges on competing futures: a clean reset under Paramount or a deeper strategic alignment with the world’s dominant streamer.

Industry concerns over Netflix acquiring Warner Bros. has led executives to address fears regarding jobs and theatrical releases.

Paramount is standing by its current proposal to acquire Warner Bros. Discovery, warning shareholders that embracing Netflix’s offer would saddle them with a “heavily indebted, sub-scale linear business.

Democratic Senators Elizabeth Warren and Richard Blumenthal called on Pam Bondi to recuse herself from the review of the Warner Bros. Discovery deal. The senators are asking for the attorney general to step aside from the review of Netflix and Paramount's attempts to purchase WBD because both companies had been clients of Ballard Partners,