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Netflix officially exits the bidding war for Warner Bros. Discovery, paving the way for Paramount Skydance to finalize a $31-per-share acquisition by the third quarter of 2026.

Production days in L.A. drop by 33% as Paramount Global, Disney, and Warner Bros. Discovery slash thousands of jobs to offset streaming losses.

From Disney layoffs to an $800 million spending drop in Georgia, the industry faces an "existential" crunch following the 2023 strikes.

Attorney General Rob Bonta launches an antitrust investigation into the massive deal, citing concerns over job losses and rising prices.

The blockbuster deal creates a media titan saddled with $79 billion in debt, as Paramount+ and HBO Max prepare to unite against Netflix.

Major players like Warner Bros. Discovery and Comcast are ditching solo growth to prioritize profitability through strategic partnerships and industry consolidation.

Paramount and Skydance advance a massive $110 billion merger with WBD as the Writers Guild of America calls for federal intervention to block the deal.

An internal probe is underway after claims surfaced that Jeff Shell shared confidential merger details with Las Vegas gambler R.J. Cipriani.

The RedBird Capital founder tells Puck and 'The Town' that $6 billion in cuts will help reach a massive $18 billion EBITDA goal without gutting the workforce.

The credit rating agency cites concerns over the combined entity's projected $79 billion net debt after Paramount Global's $110 billion acquisition agreement with Warner Bros. Discovery.

The all-cash merger ends a high-stakes bidding war with Netflix, uniting franchises like Harry Potter, the DC Universe, and Mission: Impossible under David Ellison.

Streaming giant declines to sweeten its offer for WBD, clearing the path for Paramount Skydance's $110.9 billion all-cash proposal.

Paramount Skydance Corporation announced strong streaming performance for the fourth quarter of 2025, with its flagship service showing significant growth amidst a competitive market.

Paramount Global has reportedly raised its all-cash offer to acquire Warner Bros. Discovery, prompting the WBD board to re-evaluate its existing merger agreement with Netflix.

Warner Bros. Discovery's board is now weighing a revised $31 per share all-cash offer from Paramount Skydance, acknowledging it could be a “superior proposal” to its existing Netflix merger agreement.

Warner Bros. Discovery is reviewing a revised $31 per share acquisition bid from Paramount Skydance, potentially creating a fresh challenge to its existing agreement with Netflix.