Disney CEO Bob Iger strategically stepped in with some opinions of his own about Netflix and Paramount's battle to acquire Warner Bros.

Paramount sent a letter from CEO David Ellison addressed to Warner Bros. Discovery shareholders that 'clearly sets out why Paramount’s $30.00 per share all-cash offer to acquire all of WBD is superior to WBD’s transaction with Netflix.

If Netflix’s deal to purchase Warner Bros. goes through, the streamer would likely become the biggest owner of entertainment space in Los Angeles.

In a twist of fate, Paramount Skydance has made a hostile takeover bid for Warner Bros, and Paramount may end up becoming the new owner of WB Games.

We have not talked a lot about in the past about wanting to do theatrical, because we’ve never been in that business. When this deal closes, we be will in, and we’re going to do it.”

Just a few years ago, Warner Bros. was shelving completed movies to save money. Now it's at the center of a bidding war.Here's why Paramount and Netflix are willing to pay so much.

Sen. Elizabeth Warren cautions that the sale of Warner Bros. Discovery to either Netflix or Paramount Skydance could reduce competition and concentrate power over what films and news American see.

Netflix is not really considering the worth of WB Games in its offer to buy Warner Bros, which leaves the state of its games in flux. Hogwarts Legacy among them.