Paramount executives stressed that once merged with Warner Bros. Discovery, the company combined has no plans to unload any legacy cable networks.

Experts warned TheWrap that the $110 billion deal for Paramount to buy Warner Bros. is likely to face a legal challenge.

Paramount is in a bidding war with Netflix for Warner Bros. and has until March to make its best and final offer.

Paramount Skydance increased its bid for Warner Bros. Discovery (WBD) from $30 per share to $31 per share, WBD said today. Amid a competing offer from Netflix for WBD’s movie studios and streaming businesses, WBD said that Paramount’s new bid “could reasonably be expected to lead to a ‘Company Superior Proposal.’”

The companies also began outlining their vision following the merger, including producing a minimum of 30 theatrically released films per year, or 15 for each studio.

CEO Ted Sarandos had a lot to say about the streamer and the recently announced deal between Paramount and Warner Bros. Discovery.

The clock is ticking on the Paramount & WBD mega-merger, literally, & things could get sticky & expensive if California's Attorney General has his way

Following the news that Paramount is on the verge of purchasing Warner Brothers Discovery, Dave Meltzer has assessed AEW's future.