Paramount is launching a hostile bid to acquire Warner Bros. Discovery after it lost to Netflix in a high-stakes bidding war, the company announced Monday, setting the stage for a corporate drama wort...

The combination puts the studios behind ‘Casablanca’ and ‘The White Lotus’ together with a streaming giant that is jumping into live events and gaming

Netflix co-CEO Ted Sarandos said Friday that they will “continue to support” a “life cycle that starts in the movie theater” for Warner Bros. movies.