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

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

As the David Zaslav-led conglomerate aims to sell off studio and streaming assets to Netflix (unless David Ellison and Larry Ellison have something to say and bid about it), one of the CEO’s longest serving and closest aides is exiting. Former CNN COO David Leavy will be leaving WBD at the end of the year.

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.

Joseph Boyle has been named Head of Content, Discovery Channel and Alon Orstein has been upped to Head of Content, TLC.

Reps. Sam Liccardo (D-Calif.) and Ayanna Pressley (D-Mass.) sent letter to board of WBD as well as to Treasury Secretary Scott Bessent on Wednesday.

One professor says consolidation will further endanger movie theaters, while another argues it may be what theaters need to survive.

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