Paramount is standing by its current proposal to acquire Warner Bros. Discovery, warning shareholders against embracing Netflix's pending offer.

As the future of the studio hangs in the balance, Warner Bros. Discovery and Netflix leaders put on a show of force Wednesday afternoon when Netflix brass paid a visit to the Warner Bros. lot in Burbank,

Warner Bros Discovery's board could announce a decision as early as Wednesday on Paramount Skydance's $108.4 billion takeover bid, with the board likely to advise shareholders to vote against the offer,

EXCLUSIVE: Lia Buman is the new Head of Global Acquisitions and Republic Pictures at Paramount Pictures. In addition, Buman will oversee Republic Pictures as a targeted development and production label within Paramount, zeroing in on commercially driven movie with a strong independent DNA.

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.

In rejecting Paramount ’s hostile takeover bid, Warner Bros. questions the Ellison family trust and its commitment to a $77.9 billion deal.

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

Taking the gloves off, Warner Bros. Discovery is accusing Paramount of misleading shareholders by painting a rosy picture of its proposal, which Warner says falls well short of Netflix's offer.