The lawsuit calls on the court to force Warner Bros. to disclose clear financial information about the Netflix deal, particularly why Warner Bros. favors Netflix’s offer over Paramount’s all-cash tender bid, which Ellison considers a lower-risk, higher value, “superior offer.”

Paramount has launched a new round of layoffs affecting staff across CBS Entertainment, MTV, BET, and other divisions, The Wrap reports. The cuts, which began Oct. 29, are part of the company’s restructuring under new CEO David Ellison following its ...

NEW YORK (AP) — Paramount has gone hostile in its bid for Warner Bros. Discovery, challenging Netflix, which reached a $72 billion takeover deal with the company just days ago. Paramount said Monday that it is going straight to Warner Bros ...

Paramount and its controlling shareholders, the billionaire Ellison family, said the company was building out its bid for Warner Bros. Discovery Monday. The amended bid seeks to address a number of specific concerns that Warner Bros. Discovery's board said ...

After Paramount Skydance’s across-the-board layoffs last week, TV Media chair George Cheeks unveiled a new leadership structure for the company’s cable brands. Cheeks, in a memo sent Tuesday to staffers that was obtained by Variety, said the goal for ...