Warner Bros. Discovery has rejected a takeover bid from Paramount Skydance for being too low, according to a Bloomberg report.
Warner Bros. rejected Paramount’s offer of around $20 per share, Bloomberg said.
Paramount, the parent company of CBS, Nickelodeon, MTV, and the Paramount film studio, is led by David Ellison, the son of billionaire Oracle founder Larry Ellison.
David Ellison took over Paramount in August after completing an $8bn merger with his film production company Skydance Media.
Paramount has been in talks with alternative asset manager Apollo Global Management about backing its bid for rival studio Warner Bros Discovery, Bloomberg News reported.
News first emerged last month that Paramount was exploring a bid for Warner Bros. Discovery.
Ellison, speaking last week at Los Angeles’ Bloomberg Screentime conference, declined to confirm that his company has bid for Warner Bros. Discovery. But he said that Paramount needed more content to grow in the streaming landscape.
Ellison said: “You actually need more content to yield more engagement. And so we would actually want to be in the business, through whatever lens we’re looking at” to produce “more movies, more television series”.
Global content investment to hit $255bn in 2026
Global content investment will reach $255bn in 2026, rising a modest 2% year-on-year, according to new forecasts from Ampere Analysis.
Hamnet, One Battle After Another, and Adolescence lead Golden Globe winners
One Battle After Another and Hamnet were the two big film winners at this year's Golden Globes.
One Battle After Another heads BAFTA longlist
Paul Thomas Anderson’s comedy thriller One Battle After Another leads the 2026 BAFTA film awards longlists with a record 16 mentions.
SMPTE unveils 2026 leadership
The Society of Motion Picture and Television Engineers (SMPTE) has announced the board officers and regional governors who will serve two-year terms beginning this month.
.jpg)
ITN Productions restructures top team to grow international and digital business
ITN Productions has made a series of senior promotions designed to boost international and digital growth, with a focus on the US and new markets.
