Hollywood as an entity has been on a precipice for a while, fighting a seemingly losing battle with itself. From going all-in on streaming a few years ago, the theatrical box office has been syphoning money left and right. Even when studios have a seemingly banger year, like let’s say Warner Bros., they seem to be a hair’s breath away from collapse. Evidently. I dunno, man. I think it’s much more likely richos just want more riches. Case in point, this seemingly endless WBD auction where Netflix wants to buy Warner, who wants to be purchased by Netflix, but Paramount Skydance is like “nuh uh, we’re gonna buy you whether you like it or not.” It’s exhausting.
After the most recent update on Paramount’s hostile takeover bid (which is still in the “nuh uh” phase, aka a lawsuit), WBD has responded, calling said lawsuit “meritless.” In a statement (via Variety), WBD says Paramount’s insistence that its $30/share bid is superior is merely an attempt to distract board members. The company said that Paramount, led by chairman and CEO David Ellison, “has yet to raise the price” of its offer to acquire WBD in its entirety.
“Despite six weeks and just as many press releases from Paramount Skydance, it has yet to raise the price or address the numerous and obvious deficiencies of its offer,” WBD said in a statement Monday. “Instead, Paramount Skydance is seeking to distract with a meritless lawsuit and attacks on a board that has delivered an unprecedented amount of shareholder value. In spite of its multiple opportunities, Paramount Skydance continues to propose a transaction that our board unanimously concluded is not superior to the merger agreement with Netflix.”
The Variety article goes much more into the business side of things, if that’s of interest to you. From our perspective, this is just more evidence that these insanely wealthy people who want either more riches or more control of the media will stop and nothing, even if it means destroying the entertainment industry. Why is WBD up for auction in the first place a mere few years after Discovery CEO David Zaslav bought Warner Bros. and less than a year away from Warner and Discovery from splitting up again, in different configurations?
Warner Bros. pictures had a terrific box office year in 2025, with seven of the top 20 highest grossing movies domestically. That includes the number one movie, A Minecraft Movie. Paramount, by contrast, had only two movies in the top 25, being Mission: Impossible – The Final Reckoning and Sonic the Hedgehog 3, both huge underperformers.
We can’t help but just feel like this is a pissing contest between Zaslav and Ellison and they should both just go be rich somewhere quietly. Enjoy your vast, Croesus-ass wealth and stop ruining our lives.
Kyle Anderson is the Senior Editor for Nerdist. He hosts the weekly pop culture deep-dive podcast Laser Focus. You can find his film and TV reviews here. Follow him on Letterboxd.
The post Warner Bros. and Paramount Keep Bickering Over Billions appeared first on Nerdist.
This articles is written by : Fady Askharoun Samy Askharoun
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