Entertainment

Warner Bros. Says Paramount’s New $31-a-Share Offer May Top Netflix

Warner Bros. says this new offer could lead to a better deal than its existing agreement with Netflix Inc. Chris Palmeri has more.Source: Bloomberg

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By Lucas Shaw

February 24, 2026 at 9:24 PM UTC

Updated on

February 25, 2026 at 2:19 AM UTC

Warner Bros. Discovery Inc. said a new $31-a-share buyout offer from Paramount Skydance Corp. could lead to a better deal than its existing agreement with Netflix Inc., kicking off another potential round of bidding for the famed Hollywood studio.

Warner Bros. isn’t withdrawing its recommendation that investors support Netflix’s $27.75-a-share agreement to buy the company’s studio and HBO operations, according to a statement Tuesday. Instead, it’s saying the latest Paramount terms meet the threshold for further talks.