Warner Bros. has won a bidding war for feature rights to a recent New York Times piece detailing the rescue of a U.S. airman downed in Iran.

Ted Sarandos, co-CEO of Netflix, acknowledged that it was disappointing for the streamer to not win the deal for Warner Bros. Discovery's streaming and studios business. But he said the company "built its M&A muscle" -- and tested its "investment discipline" to abandon the WB bid.

Paramount CEO and Chairman David Ellison will not be attending Wednesday’s Congressional “spotlight hearing” about the proposed merger of Paramount-Skydance and Warner Bros. Discovery due to a family funeral,

Netflix "built our M&A muscle" during its ill-fated quest to acquire Warner Bros, Co-CEO Ted Sarandos told Wall Street analysts Thursday.

In a statement included in the first quarter investor letter, the billionaire said he’s leaving to focus on philanthropy “and other pursuits.” He gave shoutouts to co-CEOs Greg Peters and Ted Sarandos,

The audience at CinemaCon got previews of J.J. Abrams' original science fiction thriller “The Great Beyond,” with Glen Powell and Jenna Ortega, Cruise with a potbelly in “Digger,” the Owens sisters in “Practical Magic 2,” Milly Alcock’s “Supergirl” in an intergalactic fight and the first seven minutes of Denis Villeneuve’s “Dune: Part Three.”

The announcement came as Netflix reported first-quarter profits that shattered expectations, which it attributed in large part to faster-than-forecast subscriber growth, a recent price increase and the $2.

Warner Bros. Discovery, Inc. (the "Company") (Nasdaq: WBD) today announced that it will report its first quarter 2026 results on Thursday, May 7, 2026 before the market opens. Links to the live webcast of the conference call as well as the earnings materials will be available in the "Investor Relations" section of the Company's website at starting at approximately 7:00 a.