Warner Bros.:

States Assert Antitrust Role

Paramount’s Political Game

Netflix’s Bid

Why Netflix Quit

$2.8 Billion Breakup Fee

Hollywood Impact

Morning Briefing Asia

Warner Bros. Plans to Reject Paramount’s Offer

IMAGE_PARAMOUNT_NETFLIX_FENCING_OVER_WB — Illustration: Bloomberg Daybreak/Getty Images

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By Carrington York and Melos Ambaye

December 16, 2025 at 9:34 PM UTC

Good morning. Warner Bros. Discovery prepares to reject Paramount's offer. Indeed insists AI hiring poses no threat. And Kim Kardashian joins China-style wave of live shopping on TikTok. Listen to the day’s top stories.