The Latest Breaking News from Discovery

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

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.

Italy’s largest media group, MFE-MediaForEurope, has publicly thrown its support behind Paramount’s hostile bid for Warner Bros Discovery, arguing that Paramount’s offer would preserve competition in the global streaming market.

Trump urges CNN's sale to new owners, calling current leadership "dishonest" amid Warner Bros. Discovery deal.

Although Warner Bros. Discovery has delivered markedly stronger returns than the Nasdaq Composite over the past year, analyst sentiment remains cautiously bullish regarding the stock’s outlook.

Paramount Pictures' official X (formerly Twitter) account was compromised briefly Tuesday, with its bio reading, 'Proud arm of the fascist regime'. The incident spread like wildfire on social media and sparked rumours circling the hostile bidding war with Netflix to acquire Warner Brothers.

HBO Max member Michelle Fendelander has sued Netflix in a bid to prevent it from merging with Warner Bros Discovery.

David Ellison's net worth and financial backing come into focus as Paramount launches a historic hostile takeover bid for Warner Bros Discovery.

David Ellison offers $30 per share to buy Warner Bros., beating Netflix's $27.75 bid. Shareholders will choose between two contrasting visions for the company's future by 8 January.

Asian shares are mostly lower after U.S. stocks pulled away from their record heights

The Netflix co-CEO also said he’s talked with the president “many times” since the election, and that he’ll be good to movie theaters once he’s running a studio.