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Netflix withdraws from competition as Paramount Skydance wins Warner Bros deal

Paramount Skydance emerged as the likely winner in a months-long battle to acquire Warner Bros. Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.

2026.2.27

The Warner Bros. water tower is seen at Warner Bros. Studios in Burbank, Calif., on Dec. 5, 2025. [AP/YONHAP]

Paramount raises takeover offer for Warner Bros in competitive media landscape

Warner Bros. Discovery said that Paramount has raised the price of its takeover offer to $31 per share, potentially setting the stage for a fresh bidding war with Netflix over the future of the Hollywood giant.

2026.2.25

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The Warner Bros. water tower is seen at Warner Bros. Studios in Burbank, Calif., on Dec. 5. [AP/YONHAP]

Paramount goes hostile in bid for Warner Bros., challenging a $72 billion offer by Netflix

Paramount on Monday launched a hostile takeover offer for Warner Bros. Discovery, initiating a potentially bruising battle with rival bidder Netflix to buy the company behind HBO, CNN and a famed movie studio.

2025.12.9

Jackie Chan, Brett Ratner and Chris Tucker appear at the 'Rush Hour 3' premiere after party in Los Angeles, California on July 30, 2007. From left: Jackie Chan, Brett Ratner and Chris Tucker. [AP/YONHAP]

'Rush Hour 4' will be distributed by Paramount after Trump's reported request

After U.S. President Donald Trump’s reported intervention, Paramount Pictures is set to distribute Brett Ratner’s “Rush Hour 4,” a project that Hollywood had eschewed after earlier sexual misconduct allegations against the director.

2025.11.27

Producer David Ellison poses for the media during the 'Top Gun: Maverick' (2022) U.K. premiere at a central London cinema, on May 19, 2022. [AP/YONHAP]

Paramount to lay off 2,000 employees months after completing $8B merger with Skydance

In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount has begun layoffs set to impact about 2,000 employees. Paramount initiated roughly 1,000 of those layoffs company-wide on Wednesday.

2025.10.30

Paramount settles with Trump over ‘60 Minutes’ interview for $16 million

CBS parent company Paramount on Wednesday settled a lawsuit filed by U.S. President Donald Trump over an interview broadcast in October, the latest concession by a media company to the president.

2025.7.2

A poster image of Paramount+ docuseries ″Crush″ [PARAMOUNT+]

'Crush' docuseries on Itaewon tragedy up for documentary Emmy

The docuseries produced by Jeff Zimbalist and Stu Schreiberg recounts the events of Oct. 29, 2022, that resulted in 159 deaths on what was supposed to be a fun Halloween weekend.

2024.7.28

Poster image of upcoming Paramount+ docuseries ″Crush″ [PARAMOUNT+]

'Crush' docuseries recounts happenings of Itaewon tragedy

A two-part docuseries shedding light on Korea's Itaewon tragedy that took the lives of dozens of young people last year will premiere on Paramount+ on Oct. 17.

2023.10.3

″Bargain″ won the Best Screenplay award at the 6th Cannes International Series Festival in Cannes, France, on Wednesday local time. [TVING]

Tving's 'Bargain' takes Best Screenplay Award at Cannes International Series Festival

Tving original series “Bargain” grabbed the Best Screenplay Award in the feature-length competition category of the 6th Cannes International Series Festival (Canneseries) Wednesday local time. At the closing ceremony of this year’s Canneseries...

2023.4.20

From left, actors Jin Seon-kyu, Jeon Jong-seo, Chang Ryul and director Lee Chung-hyun pose for a photo in Cannes, France on Sunday. [TVING]

'Bargain' is feeling the pressure after becoming first Korean drama invited to Canneseries

Being the first ever Korean drama series with to be invited to the Cannes International Series Festival (Canneseries) is a once-in-a-lifetime experience for the main cast of the Tving and Paramount+ original "Bargain." About a human organ...

2023.4.17