Overview
- The company plans to announce whether it will sell assets, sell the whole company, or proceed with separation in mid to late December, following a formal strategic review.
- Paramount Skydance submitted three takeover bids, the latest at $23.50 per share with 80% cash, all rejected as too low, and is weighing a hostile tender if negotiations do not advance.
- Netflix, Comcast and Amazon are evaluating Warner Bros.’ studio and streaming operations, while a tax‑free split into Warner Bros. and Discovery Global remains slated for completion by mid‑2026.
- Third‑quarter results showed a $148 million net loss on $9.05 billion in revenue, with studios and streaming profits rising and global linear networks declining.
- Regulatory and industry pushback is mounting, with California’s Department of Justice cautioning against more consolidation and theater owners and the Writers Guild voicing opposition to major mergers.