The Latest Breaking News from Warner Bros Discovery

Warner Bros Discovery is expected to urge shareholders to vote against Paramount's hostile takeover bid. This comes after Jared Kushner, Trump's son-in-law, also withdrew his private equity firm from the financing of the offer.

After WBD accused Paramount of misleading investors, the network assured it had ‘all necessary financing’ for the deal

Decision will pave the way for Netflix to proceed with buyout of film and TV group

The bid was lodged just days after Warner Bros agreed a 72 billion dollar (£54 billion) deal with Netflix.

Affinity Partners, key backer of hostile bid by Paramount, reportedly steps back following scrutiny of Kushner’s role

‘If they are friends, I’d hate to see my enemies,’ Trump fumed on Tuesday.

The battle between Netflix and Paramount for Warner Bros Discovery may significantly affect New Zealand’s screen sector, audience choice, local production opportunities and industry growth.

Will Paramount or Netflix win the fight for Warner? Hollywood's takeover drama is in some ways a flashback to the 1980s, in other ways quintessentially 2025.

News of Netflix’s bid to buy Warner Bros. last week sent shock waves through the media ecosystem.

While the Ellisons have looked to temper the president’s rage over the Marjorie Taylor Greene sitdown, they’ve also assured Donald Trump that they’d make sweeping changes at CNN if Paramount buys Warner Bros. Discovery.

The recent news that Netflix has agreed to buy part of Warner Bros Discovery (WBD) for US$83 billion (£61.8 billion), followed by Paramount Global’s hostile counterbid to acquire WBD in its entirety for US$108.4 billion (£81 billion), has triggered shockwaves through Hollywood and the wider entertainment industry.