The Paramount logo is displayed on screen during the Paramount Pictures presentation at The Colosseum at Caesars Palace at CinemaCon 2025 in Las Vegas, Nevada, on April 3, 2025. Photo by VALERIE MACON / AFP via Getty Images

Paramount Skydance Corp. took its bidding for Warner Bros. Discovery Inc. public with an offer of US$30 a share in cash, just days after the company agreed to a deal with Netflix Inc.

The new bid tops Netflix’s offer of US$27.75 in cash and stock. Paramount’s bid is for the entirety of Warner Bros., while Netflix is only interested in the Hollywood studios and streaming business.

The hostile move by Paramount, a rival film and TV company controlled by the Ellison family, suggests that the fight over one of Hollywood’s most storied studios is not over yet.

“WBD s

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