Depending on who you ask, Netflix 's acquisition of Warner Bros. Discovery is either the death of Hollywood (if you're a writer, director or anyone who actually works in Hollywood) or a golden opportunity (if you happen to be a Netflix stockholder). But the streaming giant's plans might be torpedoed by a surprise move from a rival studio. Per The Hollywood Reporter , Paramount is making a hostile bid for Warner Bros.'s stock options .

Paramount chief David Ellison didn't mince words when talking about the reasons for the hostile bid, saying that Netflix "made an inferior offer" for Warner Bros. “WBD shareholders deserve an opportunity to consider our superior all-cash offer for their shares in the entire company," he said. "Our public offer, which is on the same terms

See Full Page