The competition between Netflix and Paramount Skydance to acquire the studio is haunted by the ghosts of mergers past.

There are more questions than answers about how ownership from a streaming giant would change things for Warner Bros.

The streaming giant has changed its strategy many times over the years. But the decision to get deeply into theatrical releases may be the most startling yet.

Netflix seeks studios and streaming only, while Paramount bids for the entire group Read more at The Business Times.

Should Paramount succeed in acquiring Warner Bros, the combined studio will release more than 30 theatrical titles a year. This was Paramount CEO David Ellison’s promise during a phone presser following news of the conglom’s hostile takeover bid for Warner Bros Discovery.

Jason Kilar, former CEO of Warner Bros., recently took to social media to criticize the groundbreaking merger between Netflix and WBD.

This is read by an automated voice. Please report any issues or inconsistencies here. Paramount Chairman David Ellison offered $58 billion for Warner Bros. Discovery, even suggesting CEO David Zaslav could stay to lead the combined entertainment giant.

Sen. Elizabeth Warren cautions that the sale of Warner Bros. Discovery to either Netflix or Paramount Skydance could reduce competition and concentrate power over what films and news American see.