After a bidding war began for Warner Bros. Discovery last fall, it was later announced that Netflix had won. Despite this, Paramount Skydance continued to make new offers, all of which were rejected. Amid concerns about what Netflix’s acquisition means for the entertainment industry, their CEO, Ted Sarandos, has provided many assurances, including that a 45-day theatrical release window will be maintained. What appeared to be a done deal between Netflix and Warner Bros. now has the potential to unravel, though.
According to Variety, Paramount Skydance has put forth a revised proposal at $31 a share to buy Warner Bros.
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