Warner Bros Paramount merger talks have resurfaced as the entertainment giant reconsiders its options amid an ongoing agreement with Netflix. According to Bloomberg News, revised takeover terms from Paramount have prompted Warner Bros. Discovery’s board to evaluate whether a new proposal could deliver greater value.
At present, Warner Bros. remains bound to its existing deal with Netflix. No formal decision has been announced regarding Paramount’s renewed approach.
The updated discussions come as Paramount Skydance reportedly adjusts its offer to make the transaction more attractive to shareholders.
Paramount’s revised proposal is said to address key financial concerns. The company has reportedly offered to cover the $2.8 billion termination fee that Warner Bros. would owe if it exits its Netflix agreement.
In addition, Paramount has proposed supporting Warner Bros.’ debt refinancing and compensating shareholders if the deal fails to close by December 31. These measures suggest confidence in regulatory approval.
Previously, Warner Bros. agreed to sell its film studio and HBO Max streaming platform to Netflix at $27.75 per share. However, Paramount has presented a competing $30-per-share offer, appealing directly to shareholders while seeking regulatory backing.
Under the terms of its agreement, Warner Bros. must notify Netflix if it formally re-engages with Paramount. Netflix also retains the right to match any superior offer.
The situation has the potential to reshape the US media and streaming landscape. Industry observers are closely watching the outcome, given the scale of the assets involved and the competitive dynamics between major entertainment companies.
With regulatory scrutiny and competing bids in play, Warner Bros.’ next move could influence market competition and future consolidation trends. No final agreement has been reached, and negotiations remain ongoing.