Warner Bros.
February 26, 2026 at 4:36 PMFILE - The Warner Bros. water tower is seen at Warner Bros. Studios in Burbank, Calif., Dec. 5, 2025. – Warner Bros. Discovery has determined that Paramount’s latest takeover offer is superior to the streaming and studio agreement it struck with Netflix, marking a stark shift in momentum in the fight for the storied Hollywood giant.
The owner of HBO Max, DC Studios and popular titles like “Harry Potter” had backed Netflix’s proposal for months. But after Skydance-owned Paramount upped its , in addition to other revisions, Warner’s board on Thursday said that the offer “constitutes a ‘company superior proposal.’”That could mean the start of a fresh bidding war over Warner. Netflix now has four business days to try and match Paramount’s proposal to further revise its offer — which currently stands at $27.75 per share for Warner’s studio and streaming business. Warner on Thursday maintained that Netflix's bid remains on the table. And despite Thursday's decision, the board noted that it “has not withdrawn or modified" its previous recommendation in favor of that transaction.Meanwhile, Paramount CEO David Ellison applauded the news — noting in a statement that the company was “pleased WBD’s Board has unanimously affirmed the superior value of our offer.” The fight for Warner is complicated because Netflix and Paramount want different things. Unlike the streaming giant, Paramount wants all of Warner’s operations, including networks like CNN and Discovery. The companies have spent the last couple of months in a heated, public back and forth over who has a stronger deal. And Thursday's announcement arrived shortly after Paramount upped the ante on its offer. Beyond increasing its proposed purchase price for Warner, the company also agreed to a regulatory termination fee of $7 billion. And Paramount pledged to move up aThe company had said it would pay 25 cents per share for every quarter the deal drags on past the end of the year. Now it’s agreed to pay that amount if the deal doesn’t go through by the end of September, Warner said. Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Showers Set to Drench Northeast Florida Through SaturdayResidents on Sevilla Drive in St. Johns County frustrated over new median▶More than 60 people charged for speeding in SJC since Florida’s ‘Super Speeder’ law went into effect0:21ALDI store opens Thursday at site of old Winn-Dixie on County Road 210 in St. Johns CountyBlack History Month Spotlight: Connell CroomsOne week after St. Johns County student was killed in crash, officials seek safety solutionsJacksonville council president issued subpoena over controversial text mentioning ‘big favor’Jacksonville council president issued subpoena over controversial text mentioning ‘big favor’JTA is exploring 5 options for the Skyway downtown. Here’s a look at each oneRiver City Guide: Guaranteed fun to end the month - Feb. 26 - March 1Are we coming out of our last cold snap of winter?Hakeem ‘Ksoo’ Robinson pleads guilty in 2019 murder of 16-year-old ‘Lil Bibby’Passion 4 Pets: Boone is looking for his furever homeTwo Jaguars games in London?!🐆A look into the history of house music and Jacksonville house musicKaMillion on the legacy of her great-grandmother Lena BakerSplit Happens Ep. 8: Protecting Your Children During Divorce—What Parents Need to KnowCarrico addresses ‘big favor’ wording amid JEA controversy; says there is ‘no quid pro quo’Carson Crawford Dropped 50 PointsFormer JEA chief of staff breaks his silence on current controversy involving CEO Vickie Cavey‘Teen takeover’ that sparked gun violence impacts Jacksonville Beach businessesEpiscopal School of Ponte Vedra plans 850-student K-8 campus to open in 2027We have sprouts! Tower Garden, Aeroponic GardeningLeah Yawn, Capt. Sandy Yawn gave victim statements at SJC homebuilder sentencing
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