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Jan 12 (Reuters) – Paramount Skydance said it plans to nominate directors to Warner Bros Discovery's board and has filed a lawsuit seeking to force the media company to disclose details of its $82.7 billion deal with Netflix. The move marks the latest chapter in the race for assets that include Warner Bros' iconic film and TV studio and its vast library of movies and television shows. Here is a timeline from the founding of Time Inc and Warner Bros to the company's latest breakup and potential sale. Date Event 1922 Time Inc was founded by Henry Luce and Briton Hadden to house Time magazine, a weekly news publication that made world affairs accessible to the average reader. The first issue of Time magazine was published in March 1923. 1923 Warner Bros was founded by brothers Harry, Albert, Sam and Jack Warner as a film studio in Hollywood. It revolutionized cinema with the introduction of synchronized sound in films. 1969  Kinney National Company, a conglomerate that later transitioned into media, buys Warner Bros-Seven Arts and later spins off its non-media businesses. 1972 HBO is founded by Charles Dolan with backing from Time. It was the first U.S. subscription-based cable network, offering uncut, commercial-free movies and live sports, pioneering premium cable television. 1990 Time Inc merges with Warner Communications in a $14 billion deal, hailed as a "marriage of content and distribution," creating Time Warner, then the largest media company in the world. 1996  Time Warner merges with Turner Broadcasting, gaining Cartoon Network, CNN, TNT and a vast classic film library. 2000  Time Warner merges with AOL, forming AOL Time Warner, the largest merger in history at the time, aiming to merge traditional and digital media. 2002 AOL Time Warner merger begins to unravel as AOL's value collapses with the launch of an SEC investigation, prompted by allegations of accounting irregularities and inflated revenue reports at AOL. 2003 CEO Steve Case resigns from AOL Time Warner. 2004 Time Warner sells Warner Music to a private equity group led by Edgar Bronfman Jr. for $2.6 billion. 2009 Time Warner fully spins off Time Warner Cable, which had already been partially separated in 2007, ending its role in cable distribution.  2009  Time Warner spins off AOL.  2013 Time Warner spins off Time, its magazine division, which includes Time, People, Fortune and Sports Illustrated, marking its formal exit from publishing. 2016 AT&T announces acquisition of Time Warner for $85 billion. 2018 AT&T completes its acquisition of Time Warner after regulator's approval, renaming it WarnerMedia. 2021 AT&T announces it would spin off WarnerMedia and merge it with Discovery Inc to create a new standalone media company. 2022 WarnerMedia and Discovery complete their merger in a $43 billion deal. June 2025 Warner Bros Discovery announces it would separate into two companies — one focusing on streaming and studios businesses, while the second will house its cable TV assets. October 2025 Warner Bros Discovery's board rejects a Paramount Skydance offer of nearly $60 billion, or $24 per share, a source familiar with the matter exclusively tells Reuters. The company says it is weighing a potential sale amid interest from several suitors. November 2025 Axios reports that Warner Bros Discovery's board wants Paramount Skydance to sweeten its bid to $30 per share, valuing the company at $74.34 billion. November 2025 Warner Bros Discovery receives preliminary buyout bids from Paramount Skydance, Comcast and Netflix — who were asked to improve their offers.  December 2025 Warner Bros Discovery receives a second round of bids, including a mostly cash offer from Netflix. December 2025 Paramount Skydance accuses Warner Bros Discovery of running an unfair sale process that favors Netflix over other bidders, CNBC reports, citing a letter sent by the newly merged media company. December 2025 Netflix is in exclusive talks to buy Warner Bros Discovery's film and television studios along with its streaming assets after offering $28 per share. December 2025 Netflix agrees to buy Warner Bros Discovery's film and TV studios and streaming division for $72 billion, or $27.75 per share. December 2025 Paramount Skydance makes a hostile bid for Warner Bros Discovery in a deal valued at $108.4 billion or $30 per share. December 2025 Warner Bros Discovery's board rejects Paramount Skydance's hostile $108.4 billion bid, saying it failed to provide adequate financing assurances. December 2025 Paramount Skydance amends its offer to buy Warner Bros Discovery to include a $40.4 billion personal guarantee from Larry Ellison. January 2026 Warner Bros Discovery rejects Paramount Skydance's amended hostile bid despite Larry Ellison's guarantee. Paramount Skydance January 2026 files lawsuit to force Warner Bros Discovery to disclose details of its deal with Netflix and plans to nominate directors to Warner Bros Discovery's board. (Reporting by Kritika Lamba, Meghana Khare, Anhata Rooprai, and Arnav Mishra in Bengaluru; Editing by Leroy Leo, Arun Koyyur and Shinjini Ganguli)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Jan 12 (Reuters) – Paramount Skydance on Monday sued Warner Bros Discovery for more information on a rival $82.7 billion deal with Netflix, escalating a battle to take control of one of the most storied Hollywood studios. The David Ellison-led company also said it plans to nominate directors to Warner Bros Discovery's board, in one of its most aggressive steps yet to convince shareholders that its hostile $30-per-share cash bid is superior to the $27.75-per-share cash-and-stock offer from Netflix. The CBS parent and Netflix have been in a heated battle for Warner Bros, its prized film and television studios, and its extensive content library that includes "Harry Potter" and the DC Comics universe. In a letter to shareholders, Paramount also said it would propose an amendment to Warner Bros' bylaws that would require shareholder approval for any separation of the media giant's cable TV business – which is key to the Netflix deal. Paramount said last week the value of the cable spinoff was virtually worthless and reiterated its amended $108.4 billion bid after another rejection from the Warner Bros board. The amended offer had included $40 billion in equity personally guaranteed by Oracle's co-founder Larry Ellison, the father of Paramount CEO David Ellison, and $54 billion in debt. "WBD has provided increasingly novel reasons for avoiding a transaction with Paramount, but what it has never said, because it cannot, is that the Netflix transaction is financially superior to our actual offer," Paramount wrote in a letter to Warner Bros shareholders. "Unless the WBD board of directors decides to exercise its right to engage with us under the Netflix merger agreement, this will likely come down to your vote at a shareholder meeting." Netflix and Warner Bros did not immediately respond to requests for comment. Shares of Warner Bros were down 1.5% in early trading, while Netflix ticked up 0.8% and Paramount 0.3%. Paramount's argument – one it is using to sway investors – is that its all-cash offer for the whole of Warner Bros offers more certainty than the deal with Netflix for the studios and streaming assets and will more easily clear regulatory hurdles. The sour performance of Versant, the Comcast cable spinoff, has also given fresh ammunition to Paramount's campaign to convince Warner Bros shareholders its offer is better. Paramount's tender offer will expire on January 21, but the company can extend it. (Reporting by Aditya Soni and Deborah Sophia in Bengaluru; Editing by Tasim Zahid and Sriraj Kalluvila)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Jan 12 (Reuters) – Paramount Skydance on Monday sued Warner Bros Discovery for more information on a rival $82.7 billion deal with Netflix, escalating a battle to take control of one of the most storied Hollywood studios. The David Ellison-led company also said it plans to nominate directors to Warner Bros Discovery's board, in one of its most aggressive steps yet to convince shareholders that its hostile $30-per-share cash bid is superior to the $27.75-per-share cash-and-stock offer from Netflix. The CBS parent and Netflix have been in a heated battle for Warner Bros, its prized film and television studios, and its extensive content library that includes "Harry Potter" and the DC Comics universe. In a letter to shareholders, Paramount also said it would propose an amendment to Warner Bros' bylaws that would require shareholder approval for any separation of the media giant's cable TV business – which is key to the Netflix deal. Paramount said last week the value of the cable spinoff was virtually worthless and reiterated its amended $108.4 billion bid after another rejection from the Warner Bros board. The amended offer had included $40 billion in equity personally guaranteed by Oracle's co-founder Larry Ellison, the father of Paramount CEO David Ellison, and $54 billion in debt. "WBD has provided increasingly novel reasons for avoiding a transaction with Paramount, but what it has never said, because it cannot, is that the Netflix transaction is financially superior to our actual offer," Paramount wrote in a letter to Warner Bros shareholders. "Unless the WBD board of directors decides to exercise its right to engage with us under the Netflix merger agreement, this will likely come down to your vote at a shareholder meeting." Netflix and Warner Bros did not immediately respond to requests for comment. Shares of Warner Bros were down 1.5% in early trading, while Netflix ticked up 0.8% and Paramount 0.3%. Paramount's argument – one it is using to sway investors – is that its all-cash offer for the whole of Warner Bros offers more certainty than the deal with Netflix for the studios and streaming assets and will more easily clear regulatory hurdles. The sour performance of Versant, the Comcast cable spinoff, has also given fresh ammunition to Paramount's campaign to convince Warner Bros shareholders its offer is better. Paramount's tender offer will expire on January 21, but the company can extend it. (Reporting by Aditya Soni and Deborah Sophia in Bengaluru; Editing by Tasim Zahid and Sriraj Kalluvila)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Jan 12 (Reuters) – Paramount Skydance on Monday sued Warner Bros Discovery for more information on a rival $82.7 billion deal with Netflix, escalating a battle to take control of one of the most storied Hollywood studios. The David Ellison-led company also said it plans to nominate directors to Warner Bros Discovery's board, in one of its most aggressive steps yet to convince shareholders that its hostile $30-per-share cash bid is superior to the $27.75-per-share cash-and-stock offer from Netflix. The CBS parent and Netflix have been in a heated battle for Warner Bros, its prized film and television studios, and its extensive content library that includes "Harry Potter" and the DC Comics universe. In a letter to shareholders, Paramount also said it would propose an amendment to Warner Bros' bylaws that would require shareholder approval for any separation of the media giant's cable TV business – which is key to the Netflix deal. Paramount said last week the value of the cable spinoff was virtually worthless and reiterated its amended $108.4 billion bid after another rejection from the Warner Bros board. The amended offer had included $40 billion in equity personally guaranteed by Oracle's co-founder Larry Ellison, the father of Paramount CEO David Ellison, and $54 billion in debt. "WBD has provided increasingly novel reasons for avoiding a transaction with Paramount, but what it has never said, because it cannot, is that the Netflix transaction is financially superior to our actual offer," Paramount wrote in a letter to Warner Bros shareholders. "Unless the WBD board of directors decides to exercise its right to engage with us under the Netflix merger agreement, this will likely come down to your vote at a shareholder meeting." Netflix and Warner Bros did not immediately respond to requests for comment. Shares of Warner Bros were down 1.5% in early trading, while Netflix ticked up 0.8% and Paramount 0.3%. Paramount's argument – one it is using to sway investors – is that its all-cash offer for the whole of Warner Bros offers more certainty than the deal with Netflix for the studios and streaming assets and will more easily clear regulatory hurdles. The sour performance of Versant, the Comcast cable spinoff, has also given fresh ammunition to Paramount's campaign to convince Warner Bros shareholders its offer is better. Paramount's tender offer will expire on January 21, but the company can extend it. (Reporting by Aditya Soni and Deborah Sophia in Bengaluru; Editing by Tasim Zahid and Sriraj Kalluvila)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Jan 12 (Reuters) – Paramount Skydance said on Monday it plans to nominate directors to Warner Bros Discovery's board and has filed a lawsuit to force the HBO and CNN owner to disclose details of its $82.7 billion deal with Netflix. The salvo is the latest by the David Ellison-led company to convince Warner Bros shareholders that its hostile $30-per-share cash bid is superior to the $27.75-per-share cash-and-stock offer from Netflix. It comes days after Paramount reiterated that its $108.4 billion bid for Warner Bros Discovery, saying the value of the cable spinoff central to the Netflix deal was effectively worthless. Warner Bros Discovery's board last week rejected Paramount's amended offer that included a $40 billion in equity personally guaranteed by Oracle's co-founder Larry Ellison, the father of Paramount CEO David Ellison, and $54 billion in debt. The CBS parent and Netflix have been in a heated battle for Warner Bros, its prized film and television studios, and its extensive content library that includes "Harry Potter" and the DC Comics universe. (Reporting by Deborah Sophia in Bengaluru; Editing by Tasim Zahid and Sriraj Kalluvila)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Jan 12 (Reuters) – Paramount Skydance said on Monday it plans to nominate directors to Warner Bros Discovery's board and has filed a lawsuit to force the HBO and CNN owner to disclose details of its $82.7 billion deal with Netflix. The salvo is the latest by the David Ellison-led company to convince Warner Bros shareholders that its hostile $30-per-share cash bid is superior to the $27.75-per-share cash-and-stock offer from Netflix. It comes days after Paramount reiterated that its $108.4 billion bid for Warner Bros Discovery, saying the value of the cable spinoff central to the Netflix deal was effectively worthless. Warner Bros Discovery's board last week rejected Paramount's amended offer that included a $40 billion in equity personally guaranteed by Oracle's co-founder Larry Ellison, the father of Paramount CEO David Ellison, and $54 billion in debt. The CBS parent and Netflix have been in a heated battle for Warner Bros, its prized film and television studios, and its extensive content library that includes "Harry Potter" and the DC Comics universe. (Reporting by Deborah Sophia in Bengaluru; Editing by Tasim Zahid and Sriraj Kalluvila)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Jan 12 (Reuters) – Paramount Skydance said on Monday it plans to nominate directors to Warner Bros Discovery's board and has filed a lawsuit to force the HBO and CNN owner to disclose details of its $82.7 billion deal with Netflix. The salvo is the latest by the David Ellison-led company to convince Warner Bros shareholders that its hostile $30-per-share cash bid is superior to the $27.75-per-share cash-and-stock offer from Netflix. It comes days after Paramount reiterated that its $108.4 billion bid for Warner Bros Discovery, saying the value of the cable spinoff central to the Netflix deal was effectively worthless. Warner Bros Discovery's board last week rejected Paramount's amended offer that included a $40 billion in equity personally guaranteed by Oracle's co-founder Larry Ellison, the father of Paramount CEO David Ellison, and $54 billion in debt. The CBS parent and Netflix have been in a heated battle for Warner Bros, its prized film and television studios, and its extensive content library that includes "Harry Potter" and the DC Comics universe. (Reporting by Deborah Sophia in Bengaluru; Editing by Tasim Zahid and Sriraj Kalluvila)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

By Lisa Richwine and Danielle Broadway BEVERLY HILLS, California, Jan 11 (Reuters) – Dark comedy "One Battle After Another" and "Hamnet," a story about William Shakespeare's grief over the death of his son, claimed the top prizes on Sunday at the Golden Globes, one of the first major ceremonies in Hollywood's annual awards season. "One Battle" was named best movie musical or comedy, one of its four Globe honors, and "Hamnet" earned the best movie drama prize. Timothee Chalamet triumphed in one of the most competitive categories, taking the trophy for best male actor in a movie musical or comedy for his role as a professional table tennis player in "Marty Supreme." Chalamet defeated "One Battle" star Leonardo DiCaprio, "Jay Kelly" actor George Clooney and other big names at the red-carpet ceremony in Beverly Hills, California. "This category is stacked. I look up to all of you," Chalamet said to his fellow nominees. The actor noted that he had left the Globes in previous years without a win. "I’d be lying if I didn’t say those moments made this moment that much sweeter," he said.  The Globes, awarded by more than 300 entertainment journalists, are among the first of the 2026 Hollywood accolades to be handed out before the film industry's top honors, the Academy Awards, in March. Globes voters do not have a say in the Oscars, but a win at the Globes can help bring attention to potential Academy Awards contenders. "One Battle," a Warner Bros Discovery film about a group of washed-up revolutionaries, is seen as a frontrunner for best picture at the Oscars. On Sunday, Paul Thomas Anderson won best director and best screenplay for the movie. Teyana Taylor landed the award for female supporting actor in a film. "Hamnet" imagines how Shakespeare and his wife dealt with the death of their 11-year-old son, whose name was Hamnet. Historians believe Hamnet's death inspired the playwright to pen the play "Hamlet." Irish actor Jessie Buckley won best female actor in a movie drama for playing Shakespeare's wife, Agnes Hathaway.  "This was such an extraordinary set to be part of, telling the story of probably the most famous Brit who ever lived and we had a Chinese director, a lot of Irish and a mostly Polish crew," she said. Brazilian movie "The Secret Agent" was named best non-English language film. In a surprise, its star Wagner Moura won best male actor in a movie drama. Stellan Skarsgard earned a Globe for his supporting role in Norwegian family drama "Sentimental Value." "I was not prepared for this because, of course, I thought I was too old," the 74-year-old said on stage. A new Globe for podcasts went to "Good Hang with Amy Poehler," in which the comedy star interviews mostly celebrity guests. "This is an attempt to try to make a very rough and unkind world filled with a little bit more love and laughter, and laughing with people, not at them," Poehler said. "We just have such a good time making it." "Golden," the catchy tune from Netflix phenomenon "K-Pop Demon Hunters," was named best original song.  "It's never too late to shine like you were born to," Korean-American singer Ejae said as she accepted the award. In TV categories, emergency room tale "The Pitt" was named best drama and "The Studio" claimed best comedy.  Warner Bros Discovery, the subject of a Hollywood bidding war, led all media companies with nine Globe wins. Globes host Nikki Glaser joked that she would auction off the studio on Sunday. "So let's get down to business, shall we?" she said at the start of the show. "We'll start the bidding for Warner Brothers at $5." Celebrities largely steered clear of political topics. Some stars wore “Be Good” pins on their black-tie attire to honor Renee Good, the woman fatally shot by an immigration officer last week in Minneapolis. Glaser joked that the Globes were "without a doubt the most important thing that's happening in the world right now." She took light-hearted jabs at the stars seated inside a Beverly Hills ballroom. Glaser joked about DiCaprio's reputation for dating young women before apologizing for the "cheap" remark. "We don’t know anything else about you, man," she said. (Reporting by Lisa RichwineEditing by Nick Zieminski)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)