Paramount Launches Hostile Warner Bros. Bid
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NEW YORK (AP) — Warner Bros. Discovery’s friendly agreement to sell itself to Netflix just got upended by a hostile actor -- Paramount, which made Warner shareholders a higher offer and touched off what is likely to be a lengthy fight in the latest episode of media industry consolidation.
Warner Bros.’ motion picture group has hired Gary Wordham as its new president of physical production. With 30 years of experience in film production, including the past 18 at Universal Pictures, Wordham will join Warner in October, reporting to studio ...
The offer to shareholders comes days after Warner Bros. agreed to sell its streaming and studio business to Netflix.