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Warner Bros. Discovery’s bid war for HBO’s parent company is heating up, with major players like Netflix and Paramount circling the studio giant.

Stories involving HBO

Emmys 2025: 'Severance' Leads Nominations

The 2025 Emmy Awards took place on September 14, highlighting top series and performances. 'Severance' led with 27 nominations, but faced stiff competition from 'The Penguin' and 'The Studio.' The event also marked historic wins, including Owen Cooper as the youngest male Emmy winner. The awards reflect a diverse range of acclaimed shows from the past year.

Paramount Launches Hostile Warner Bid

On December 8, 2025, Paramount Skydance launched a hostile $108.4 billion all-cash bid to acquire Warner Bros. Discovery (WBD), challenging Netflix's $83 billion deal announced last week. Paramount's offer includes WBD's cable assets like CNN, unlike Netflix's bid. Backed by Larry Ellison and Middle Eastern sovereign wealth funds, Paramount argues its bid offers greater regulatory certainty and benefits Hollywood's theatrical industry. President Trump signaled involvement in the regulatory review, citing competition concerns over Netflix's market share.