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The Latest Breaking News from Warner Bros Discovery

Paramount guarantees backing of Larry Ellison in Warner Bros. bid

The reliability of the financial backstop was among the chief concerns of the Warner Bros. board in rejecting the bid.

Axios

Larry Ellison gives personal guarantee for Paramount takeover of Warner Bros Discovery

WBD had urged shareholders to reject $108.4bn hostile takeover bid from Paramount, which is controlled by the Ellisons, following $82.7bn Netflix deal

The Guardian - US

Pierce Brosnan says Netflix’s ‘unsettling’ Warner Bros deal ‘doesn’t feel culturally right’

‘Thursday Murder Club’ actor said he has witnessed cinemas ‘evaporating from the landscape’ where he lives in both California and London

The Independent UK

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The tug-of-war over CNN shows how dysfunctional US media has become

The network’s fate has become a battle of corporate ownership, not a question of what benefits Americans

The Guardian - US

Gray ‘disappointed’ Commonwealth Games will not be shown on free-to-air TV

TNT Sports has been named as the live broadcaster for the event in Glasgow next summer.

Evening Standard

Commonwealth Games coverage set for major change as ‘landmark’ deal is struck

The BBC has been the principal broadcaster for the Commonwealth Games since 1954

The Independent UK

BBC outbid by TNT Sports for 2026 Glasgow Commonwealth Games

TNT will broadcast the 2026 Commonwealth Games in Glasgow after outbidding the long-time rights holder, the BBC

The Guardian - UK

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Warner Bros sale: The $100bn battle for the soul of Hollywood

The bidding war for Warner Bros will determine the future of film — will London escape the fallout?

Evening Standard

How To Watch Heated Rivalry Episode 5 Online And Stream The Steamy Canadian Sports Drama From Anywhere Now

The breakout gay sports drama skates to first place in Canada, and our guide explains how to watch Heated Rivalry episode 5 online and from anywhere now.

Cinemablend

Disney+, Apple TV and Prime Video beware – HBO Max's European rollout is surprisingly soon

One of the biggest streaming services in the US will finally arrive in Europe in January

Asian shares follow Wall Street lower as AI worries drag tech stocks lower

Asian shares have fallen after declines for AI stocks dragged the U.S. market to its worst day in nearly a month

The Independent UK

Warner Bros Discovery make feelings clear on proposed takeover bids

IN FULL

The Independent UK

Here's Why Warner Bros Wants to Reject Paramount's 'Illusory' £81bn Bid and Back the Netflix Deal Instead

Warner Bros rejects Paramount's £81bn bid, calling it 'illusory,' as it backs Netflix merger for streaming dominance.

International Business Times UK

Stocks Retreat as AI Infrastructure Companies and Chip Makers Fall

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.61%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -1.12%. December E-mini S&P futures (ESZ25 ) are down -0.66%, and December...

Barchart

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Barchart

Netflix Says the Warner Bros’ Deal Is All About ‘Growth.’ Will NFLX Stock Keep Growing in 2026?

Netflix calls the Warner Bros. deal a growth play, but rich valuation and execution risks will test whether NFLX can extend gains into 2026.

Barchart

Stocks Mixed with Energy Producers Higher and Homebuilders Lower

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.33%. December E-mini S&P futures (ESZ25 ) are down -0.06%, and December...

Evening Standard

Warner Bros Discovery urges shareholders to reject Paramount takeover bid

Bosses at Warner Bros, which makes franchises such as Harry Potter and Batman, said the proposed deal from Paramount was ‘inadequate’.

Euronews

Warner Bros will urge shareholders to reject hostile bid as Trump attacks Paramount

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.

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The Guardian - US

Warner Bros Discovery urges shareholders to reject Paramount’s $108.4bn takeover bid

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

The Guardian - UK

Warner Bros reportedly poised to reject Paramount’s $108bn hostile takeover bid

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

Evening Standard

Trump’s son-in-law withdraws backing for Paramount’s hostile bid for Warner Bros

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

The Guardian - US

Jared Kushner’s firm exits takeover battle for Warner Bros Discovery

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

The Independent UK

Trump’s ‘60 Minutes’ obsession causes him to once again lash out at MAGA-friendly owners of CBS

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

The Conversation

How NZ streaming costs and choices could change after the epic Netflix-Paramount battle for Warner Bros

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.

Fortune

It's a sequel, it's a remake, it's a reboot: Lawyers grow wistful for old corporate rumbles as Paramount, Netflix fight for Warner

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.

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