Paramount is standing by its current proposal to acquire Warner Bros. Discovery, warning shareholders against embracing Netflix's pending offer.

Paramount Pictures has named Lia Buman as its new head of global acquisitions and its Republic Pictures label, reporting to Paramount Pictures Co-Chairs Dana Goldberg and Josh Greenstein.

The battle for Warner Bros. Discovery spilled onto pages full of revelations big and small Wednesday, as the media giant defended the process of selecting Netflix as the winner in its auction. Company disclosures and a letter to shareholders from the board of directors explained the reasoning behind discarding Paramount as well as Comcast and

A new filing says Paramount offered pay and a job to WBD CEO David Zaslav, and gives other takeaways from the bidding war.

Warner Bros. and Netflix leaders put on a show of force Wednesday when Netflix co-CEOs paid a visit to the Warner Bros. lot in Burbank.