Netflix, Paramount fight for Warner Bros Discovery in Hollywood power tussle

Paramount, Netflix and Warner Bros logos are seen in this illustration taken December 8, 2025. REUTERS/Dado Ruvic/Illustration

Dec 8 (Reuters) - Paramount Skydance launched a hostile bid worth $108.4 billion for Warner Bros Discovery, challenging a rival offer from Netflix and injecting uncertainty into the future of Hollywood's storied media company.

Since 2000, the parent company of the Warner Bros movie studio has been through three major reorganizations. Now the company is facing its fourth reorganization.