Ted Sarandos insisted that Netflix has no “opposition to movies in theaters,” as the streamer said it “expects” to release Warner Bros. films theatrically if it completes its $82.7 billion deal for th...

Paramount is bypassing Warner Bros. Discovery's leadership and going straight to shareholders in a hostile bid to buy the company.

Ultimately, Warner Bros. said it would consider other bids, leading to a competitive process that Netflix won — although Paramount could still keep its hat in the ring with a hostile bid.