UK cinemas give wary approval to Paramount’s victory in Warner Bros race

February 27, 2026 10:11 PM

UK cinemas give wary approval to Paramount’s victory in Warner Bros race

British cinemas cautiously welcomed Paramount Skydance beating Netflix in the race to buy Warner Bros Discovery, but remained concerned that combining the Hollywood studios could cost jobs and reduce the number of movies released in theatres. Netflix walked away on Thursday after refusing to raise its bid. The streaming giant has long been viewed as a threat to cinemas because it shuns traditional releases in favour of keeping content on its platform, usually putting titles in theatres only bri...

Warner Bros weighing revised bid from Paramount as bidding war escalates

February 24, 2026 6:48 PM

Warner Bros weighing revised bid from Paramount as bidding war escalates

Warner Bros Discovery said on Tuesday it was considering a sweetened bid from Paramount Skydance without disclosing the value of the deal, as the CBS owner races with Netflix in a heated Hollywood takeover battle. The latest offer followed a week of talks between Warner Bros and Paramount to address concerns that prompted the HBO parent to reject previous Paramount bids in favor of Netflix's $27.75 per share, or $82.7 billion, deal for its studio and streaming assets. "The Netflix merger agree...