Wasting no time checking out their potential new home away from home, Netflix’s bosses Greg Peters and Ted Sarandos made a most awesome visit to the Warner Bros Discovery studio lot today with David Zaslav as tour guide.

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.

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.

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

Industry concerns over Netflix acquiring Warner Bros. has led executives to address fears regarding jobs and theatrical releases.

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.

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

Reasons Warner Bros. Discovery listed for rebuffing David Ellison include an incendiary and unfortunately timed letter from Paramount's lawyers.