Warner Bros. Discovery (WBD), the massive media conglomerate that owns HBO, CNN and a number of other top brands in news and entertainment, is preparing to advise its top shareholders to reject a

Netflix co-chief executives Ted Sarandos and Greg Peters say the streamer will see only a slight increase in share of TV viewing with their proposal.

Netflix CEOs call the Warner Bros. acquisition a win, but analysts warn of risks as investors question the $83B deal and Paramount looms.

Warner Bros. is telling shareholders of the company that it believes a $72 billion buyout offer from Netflix is superior, and to reject a hostile takeover bid from Paramount Skydance.

Theater owners fear a sale of Warner Bros. to another major media player could further decrease movie production at a time when the industry has faced multiple setbacks.

Netflix Co-CEOs Greg Peters and Ted Sarandos call their pending $83B acquisition of Warner Bros. "a win for the entertainment business."

Warner Bros Discovery has rejected a hostile takeover bid from Paramount, citing that the proposed merger with Netflix offers better terms. Details here.

Netflix has made waves in entertainment with its deal to acquire Warner Bros. The streaming giant announced on December 5 that it had reached an agreement to purchase Warner Bros.

Netflix is a company that understands the value of themed entertainment. While the world doesn’t have a Netflix theme park (yet), by the time you read this, the company will have opened its second Netflix House complex in as many months, with a third location already planned for Las Vegas.