मनोरंजन

By Danielle Broadway LOS ANGELES, Jan 22 (Reuters) – Here is the list of Oscar nominees announced on Thursday with winners to be announced on March 15: BEST PICTURE "Bugonia"  "F1" "Frankenstein"  "Hamnet" "Marty Supreme" "One Battle After Another" "The Secret Agent" "Sentimental Value"  "Sinners" "Train Dreams"  BEST ACTOR Timothée Chalamet, "Marty Supreme" Leonardo DiCaprio, "One Battle After Another"  Ethan Hawke, "Blue Moon" Michael B. Jordan, "Sinners"  Wagner Moura, "The Secret Agent"  BEST ACTRESS Jessie Buckley, "Hamnet" Rose Byrne, "If I Had Legs I’d Kick You" Kate Hudson, "Song Sung Blue" Renate Reinsve, "Sentimental Value" Emma Stone, "Bugonia" BEST DIRECTOR Paul Thomas Anderson, "One Battle After Another"  Ryan Coogler, "Sinners"  Josh Safdie, "Marty Supreme" Joachim Trier, "Sentimental Value"  Chloé Zhao, "Hamnet" BEST SUPPORTING ACTOR Benicio Del Toro, "One Battle After Another" Jacob Elordi, "Frankenstein" Delroy Lindo, "Sinners" Sean Penn, "One Battle After Another" Stellan Skarsgård, "Sentimental Value" BEST SUPPORTING ACTRESS Elle Fanning, "Sentimental Value" Inga Ibsdotter Lilleaas, "Sentimental Value" Amy Madigan, "Weapons" Wunmi Mosaku, "Sinners" Teyana Taylor, "One Battle After Another" BEST ADAPTED SCREENPLAY Will Tracy, "Bugonia"  Guillermo Del Toro, "Frankenstein" Maggie O’Farrell and Chloé Zhao, "Hamnet"  Paul Thomas Anderson, "One Battle After Another" Clint Bentley and Greg Kwedar, "Train Dreams"  BEST ORIGINAL SCREENPLAY Robert Kaplow, "Blue Moon" Jafar Panahi, "It Was Just an Accident" Ronald Bronstein and Josh Safdie, "Marty Supreme" Joachim Trier and Eskil Vogt, “Sentimental Value”  Ryan Coogler, "Sinners" BEST ANIMATED FEATURE FILM "Arco" "Elio" "KPop Demon Hunters"  "Little Amelie or the Character of Rain"  "Zootopia 2" BEST ANIMATED SHORT "The Three Sisters" "Butterfly" "Forevergreen" "The Girl Who Cried Pearls" "Retirement Plan" BEST INTERNATIONAL FEATURE "It Was Just an Accident" "The Secret Agent" "Sentimental Value"  "Sirât" "The Voice of Hind Rajab" BEST DOCUMENTARY FEATURE "Cutting Through Rocks"  "The Alabama Solution" "The Perfect Neighbor" "Come See Me in the Good Light" "Mr. Nobody Against Putin" BEST DOCUMENTARY SHORT "All the Empty Rooms"  "Armed Only with a Camera: The Life and Death of Brent Renaud" "Children No More: Were and Are Gone" "The Devil Is Busy" "Perfectly a Strangeness" BEST ORIGINAL SCORE "Bugonia" "Frankenstein" “Hamnet”  "One Battle After Another" "Sinners" BEST ORIGINAL SONG "Dear Me," from "Diane Warren: Relentless" "Golden," from "KPop Demon Hunters" "I Lied to You," from "Sinners" “Sweet Dreams of Joy,” from “Viva Verdi” “Train Dreams,” from “Train Dreams”  BEST SOUND "F1"  "Frankenstein" "One Battle After Another" "Sinners" "Sirât" BEST PRODUCTION DESIGN "Frankenstein" "Hamnet" "Marty Supreme" "One Battle After Another" "Sinners" BEST LIVE ACTION SHORT "Butcher’s Stain" "A Friend of Dorothy" "Jane Austen’s Period Drama" "The Singers" "Two People Exchanging Saliva" BEST CINEMATOGRAPHY "Frankenstein" "Marty Supreme" "One Battle After Another" "Sinners" "Train Dreams" BEST MAKEUP AND HAIRSTYLING "Frankenstein" "Kokuho" "The Smashing Machine" "Sinners" "The Ugly Stepsister" BEST COSTUME DESIGN "Avatar: Fire and Ash" "Frankenstein" "Hamnet" “Marty Supreme” “Sinners” BEST VISUAL EFFECTS "Avatar: Fire and Ash"  "F1"  "Jurassic World Rebirth" "Sinners" "The Lost Bus" BEST FILM EDITING "F1" "Sentimental Value" "Marty Supreme" "One Battle After Another" "Sinners" BEST CASTING "Hamnet" "Marty Supreme" "One Battle After Another" "The Secret Agent" "Sinners"   (Reporting by Danielle Broadway; Editing by Howard Goller)

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By Harshita Mary Varghese and Aditya Soni Jan 22 (Reuters) – Paramount Skydance on Thursday extended the deadline on its hostile tender offer for Warner Bros Discovery by about a month to February 20, buying more time to persuade investors that its bid for the Hollywood studio trumps a rival deal with Netflix.  The company did not raise its bid on Thursday. Only about 168.5 million Warner Bros shares, representing 6.8% of the company's outstanding stock, had been tendered by the offer's original January 21 deadline. A successful deal will change the landscape of Hollywood by giving the suitor ownership of iconic franchises from "Friends" to "Batman" as well as the HBO Max streaming service.  Netflix on Tuesday revised its $82.7 billion offer to go all-cash in hopes of expediting the deal closure and providing greater financial certainty to investors worried about its previous stock-and-cash deal. It is now willing to pay $27.75 per share in cash for the streaming and studio assets of the David Zaslav-led company, an offer that was unanimously approved by the Warner Bros board. Paramount has launched a charm offensive and sued Warner Bros to bring the HBO owner to the negotiating table. But Warner Bros and analysts have suggested that Paramount needs to raise its offer of $108.4 billion, or $30 per share, for the whole company to restart deal talks. BIDDING WAR LIKELY TO COME DOWN TO SHAREHOLDER VOTE  Shares of Paramount rose 0.6% in early trading, while Netflix was down 1.2% and Warner Bros was little changed. "We are confident in our ability to achieve regulatory approval for the Netflix merger," Warner Bros said. It added the deal provided "tremendous and certain value" and that Paramount continues to make an offer its board has rejected repeatedly. Netflix did not immediately respond to a Reuters requests for comment. Warner Bros' board earlier this month rejected an amended Paramount bid that included a $40 billion in equity personally guaranteed by Oracle's co-founder and Paramount CEO David Ellison's father, Larry Ellison.  The race is expected to come to a head at a shareholder vote that is likely to be held by April as Warner investors weigh the value of cable assets that Paramount argues are worthless. Paramount said it would ask Warner Bros investors to vote against the Netflix deal, arguing the bid is valued incorrectly. It said that the offer relied on offloading $17 billion in debt to the Discovery Global spinoff that would house Warner Bros' cable assets and was essential to the Netflix deal. If Warner Bros cannot move all of the debt as planned, it would substantially reduce what shareholders stand to make on a sale to Netflix, Paramount said. Warner Bros has said that its advisers used three separate approaches for valuing Discovery Global.  The lowest share price they arrived at was $1.33 per share, by applying a single value across the whole company. The high end of the range was a price of $6.86 a share, if the spinoff became involved in a future deal. Paramount has repeatedly said that its offer is superior to Netflix's deal and has a clearer path towards regulatory approval. The Ellisons have argued their relationship with President Donald Trump gives them an easier regulatory path to approval. Netflix co-CEO Ted Sarandos said on a post-earnings call on Tuesday that the company has made progress towards securing the necessary regulatory approvals.  Netflix expects the addition of HBO Max will allow it to offer more personalized and flexible subscription options to better meet the needs of its diverse global audience. It also sees the theatrical business as a new revenue stream. But some analysts argue the deal would create near-term uncertainty around integration costs, content spending and the large debt load of the combined company. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Alan Barona and Anil D'Silva)

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LOS ANGELES, Jan 22 – 'Sinners,' a Segregation-era vampire thriller starring Michael B. Jordan, stormed into the awards race on Thursday with the most Academy Award nominations of any film this year.  The large haul sets up the film as the frontrunner heading into the March 15 Oscars, where it will face off against contenders including "One Battle After Another," "Frankenstein," "Hamnet," "Marty Supreme" and others for best picture. (Reporting by Lisa RichwineEditing by Nick Zieminski)

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NEW YORK, Jan 22 (Reuters) – A federal judge will consider on Thursday actor Justin Baldoni's bid to dismiss actor Blake Lively's lawsuit accusing him of sexual harassment and waging a smear campaign in connection with their 2024 movie "It Ends With Us." Both sides are expected to make arguments at a hearing before U.S. District Judge Lewis Liman in Manhattan, after waging an acrimonious battle for more than a year that has transfixed Hollywood and involved names including Lively's husband Ryan Reynolds and longtime friend Taylor Swift. Lively, 38, accused Baldoni – who directed the movie – and his Wayfarer Studios of coordinating a scheme to silence her and others from speaking out about the hostile environment they allegedly created on the film's set. Thousands of pages of documents made public this week included Lively's claim that Baldoni, 41, pressured her unnecessarily to simulate nudity during a film scene where her character gave birth in a hospital. Also released this week were text messages between Lively and Swift, including a December 5, 2024, text message where the superstar singer likened Lively's and Baldoni's relationship to "a horror film no one knows is taking place." Lively is seeking unspecified damages for alleged harassment, invasion of privacy and violations of federal and state civil rights laws. A trial is scheduled for May 18. Lawyers for Lively and Baldoni were not immediately available for comment. BALDONI HAS SAID HE ADDRESSED LIVELY'S CONCERNS In seeking a dismissal, lawyers for Baldoni said he resolved Lively's concerns about sporadic misunderstandings and "awkward comments" on the film set, including over her physical appearance, as soon as she raised them. They also said Baldoni had a right to hire a crisis management firm to defend his reputation after Lively began disparaging him publicly. Lively's lawyers countered that the dispute concerned more than merely "minor annoyances fueled by creative differences." They said a jury should consider the alleged "toxic environment" where Baldoni and Wayfarer ignored numerous women's claims of being sexualized and marginalized, and then pursued a strategy of "deny" and "attack."  The dispute burst into public view in mid-December 2024 when Lively filed a complaint against Baldoni with the California Civil Rights Department, followed by her lawsuit, and a New York Times article titled: "'We Can Bury Anyone': Inside a Hollywood Smear Machine." Baldoni filed a $400 million countersuit accusing Lively and Reynolds of trying to destroy his reputation, but Liman dismissed that case last June.  The judge also dismissed Baldoni's related $250 million defamation case against the Times. "It Ends With Us" generated mixed reviews but grossed more than $351 million worldwide according to Box Office Mojo. (Reporting by Jonathan Stempel in New York, editing by Deepa Babington)

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By Lisa Richwine LOS ANGELES, Jan 22 – 'Sinners,' a Segregation-era vampire thriller starring Michael B. Jordan, stormed into the awards race on Thursday with the most Academy Award nominations of any film this year, landing a record 16 nods. The large haul sets up the film as the frontrunner heading into the March 15 Oscars, where it will face off against contenders including "One Battle After Another," "Frankenstein," "Hamnet," "Marty Supreme" and others for the coveted best picture prize. "Bugonia," "F1," "The Secret Agent," "Sentimental Value" and "Train Dreams" also were nominated for best picture. Jordan was nominated for best actor for playing twin brothers in "Sinners." His competition includes Leonardo DiCaprio in "One Battle After Another" and Timothee Chalamet in "Marty Supreme."  Best actress nominees include Jessie Buckley for "Hamnet" and Kate Hudson for "Song Sung Blue." Winners of the gold Oscar statuettes will be chosen by the roughly 10,000 actors, producers, directors and film craftspeople who make up the Academy of Motion Picture Arts and Sciences. Walt Disney's ABC will broadcast the awards, and comedian Conan O'Brien will host for the second straight year. (Reporting by Lisa RichwineEditing by Nick Zieminski)

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LOS ANGELES, Jan 22 – 'Sinners,' a Segregation-era vampire thriller starring Michael B. Jordan, stormed into the awards race on Thursday with the most Academy Award nominations of any film this year.  The large haul sets up the film as the frontrunner heading into the March 15 Oscars, where it will face off against contenders including "One Battle After Another," "Frankenstein," "Hamnet," "Marty Supreme" and others for best picture. (Reporting by Lisa RichwineEditing by Nick Zieminski)

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Jan 22 (Reuters) – Paramount Skydance on Thursday extended the deadline on its hostile tender offer for Warner Bros Discovery to February 20, giving it more time to persuade investors that its bid for the Hollywood studio trumps a rival deal with Netflix. With DC Comics, iconic franchises from "Friends" to "Batman" and the HBO Max streaming service at stake, a successful deal would change the power dynamics of Hollywood and could help power growth at its suitor for years to come. Netflix on Tuesday revised its $82.7 billion offer to go all-cash in hopes of expediting the deal closure and providing greater financial certainty to investors worried about its previously stock-and-cash deal. It is now paying all the $27.75 a share bid in cash for the streaming and studio assets of the David Zaslav-led company, an offer that was unanimously approved by the Warner Bros board. Paramount has launched a charm offensive and sued Warner Bros to bring the HBO owner to the negotiation table. But Warner Bros has suggested that Paramount needs to raise its $108.4 billion, or $30-per-share, offer for the whole company to restart deal talks. Warner Bros' board earlier this month rejected an amended Paramount bid that included a $40 billion in equity personally guaranteed by Oracle's co-founder and Paramount CEO David Ellison's father, Larry Ellison. The deadline for Paramount's offer was originally January 21. The race is expected to come to a head at a shareholder vote expected to be held by April as Warner investors weigh the value of cable assets that Paramount argues are worthless. Warner Bros has said that its advisers used three separate approaches for valuing Discovery Global – the spinoff company that would include the cable assets. The lowest share price they arrived at was $1.33 per share, by applying a single value across the whole company. The high end of the range was a price of $6.86 a share, if the spinoff became involved in a future deal. Paramount has repeatedly said that its offer is superior to Netflix's deal and has a clearer path towards regulatory approval. The Ellisons have argued their relationship with President Donald Trump gives them an easier regulatory path to approval. Netflix co-CEO Ted Sarandos said on a post-earnings call on Tuesday that the company has made progress towards securing the necessary regulatory approvals.  Netflix expects the addition of HBO Max would allow it to offer more personalized and flexible subscription options to better meet the needs of its diverse global audience. It also sees the theatrical business as a new revenue stream. But some analysts argue the deal would create near-term uncertainty around integration costs, content spending and the large debt load of the combined company. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Alan Barona)

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Jan 22 (Reuters) – Paramount Skydance extended its hostile tender offer deadline for Warner Bros Discovery to February 20, as it seeks more time to convince investors about the superiority of its bid over a competing 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 Axios reports that Warner Bros Discovery's 2025 board wants Paramount Skydance to sweeten its bid to $30 per share, valuing the company at $74.34 billion. November Warner Bros Discovery receives preliminary 2025 buyout bids from Paramount Skydance, Comcast and Netflix — who were asked to improve their offers.  December Warner Bros Discovery receives a second 2025 round of bids, including a mostly cash offer from Netflix. December Paramount Skydance accuses Warner Bros 2025 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 Netflix is in exclusive talks to 2025 buy Warner Bros Discovery's film and television studios along with its streaming assets after offering $28 per share. December Netflix agrees to buy Warner Bros 2025 Discovery's film and TV studios and streaming division for $72 billion, or $27.75 per share. December Paramount Skydance makes a hostile bid for 2025 Warner Bros Discovery in a deal valued at $108.4 billion or $30 per share. December Warner Bros Discovery's board rejects 2025 Paramount Skydance's hostile $108.4 billion bid, saying it failed to provide adequate financing assurances. December Paramount Skydance amends its offer to buy 2025 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. January 2026 Paramount Skydance 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. January 2026 Netflix amends its bid to an all‑cash offer for Warner Bros Discovery's studio and streaming units and secures unanimous approval from the Warner Bros board without increasing the $82.7 billion purchase price. Paramount Skydance January 2026 extends its hostile tender offer for Warner Bros Discovery to February 20, seeking more time to win investors. (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 22 (Reuters) – Paramount Skydance extended its hostile tender offer deadline for Warner Bros Discovery to February 20, as it seeks more time to convince investors about the superiority of its bid over a competing 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 Axios reports that Warner Bros Discovery's 2025 board wants Paramount Skydance to sweeten its bid to $30 per share, valuing the company at $74.34 billion. November Warner Bros Discovery receives preliminary 2025 buyout bids from Paramount Skydance, Comcast and Netflix — who were asked to improve their offers.  December Warner Bros Discovery receives a second 2025 round of bids, including a mostly cash offer from Netflix. December Paramount Skydance accuses Warner Bros 2025 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 Netflix is in exclusive talks to 2025 buy Warner Bros Discovery's film and television studios along with its streaming assets after offering $28 per share. December Netflix agrees to buy Warner Bros 2025 Discovery's film and TV studios and streaming division for $72 billion, or $27.75 per share. December Paramount Skydance makes a hostile bid for 2025 Warner Bros Discovery in a deal valued at $108.4 billion or $30 per share. December Warner Bros Discovery's board rejects 2025 Paramount Skydance's hostile $108.4 billion bid, saying it failed to provide adequate financing assurances. December Paramount Skydance amends its offer to buy 2025 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. January 2026 Paramount Skydance 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. January 2026 Netflix amends its bid to an all‑cash offer for Warner Bros Discovery's studio and streaming units and secures unanimous approval from the Warner Bros board without increasing the $82.7 billion purchase price. Paramount Skydance January 2026 extends its hostile tender offer for Warner Bros Discovery to February 20, seeking more time to win investors. (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 22 (Reuters) – Paramount Skydance on Thursday extended the deadline on its hostile tender offer for Warner Bros Discovery to February 20, giving it more time to persuade investors that its bid for the Hollywood studio trumps a rival deal with Netflix. With DC Comics, iconic franchises from "Friends" to "Batman" and the HBO Max streaming service at stake, a successful deal would change the power dynamics of Hollywood and could help power growth at its suitor for years to come. Netflix on Tuesday revised its $82.7 billion offer to go all-cash in hopes of expediting the deal closure and providing greater financial certainty to investors worried about its previously stock-and-cash deal. It is now paying all the $27.75 a share bid in cash for the streaming and studio assets of the David Zaslav-led company, an offer that was unanimously approved by the Warner Bros board. Paramount has launched a charm offensive and sued Warner Bros to bring the HBO owner to the negotiation table. But Warner Bros has suggested that Paramount needs to raise its $108.4 billion, or $30-per-share, offer for the whole company to restart deal talks. Warner Bros' board earlier this month rejected an amended Paramount bid that included a $40 billion in equity personally guaranteed by Oracle's co-founder and Paramount CEO David Ellison's father, Larry Ellison. The deadline for Paramount's offer was originally January 21. The race is expected to come to a head at a shareholder vote expected to be held by April as Warner investors weigh the value of cable assets that Paramount argues are worthless. Warner Bros has said that its advisers used three separate approaches for valuing Discovery Global – the spinoff company that would include the cable assets. The lowest share price they arrived at was $1.33 per share, by applying a single value across the whole company. The high end of the range was a price of $6.86 a share, if the spinoff became involved in a future deal. Paramount has repeatedly said that its offer is superior to Netflix's deal and has a clearer path towards regulatory approval. The Ellisons have argued their relationship with President Donald Trump gives them an easier regulatory path to approval. Netflix co-CEO Ted Sarandos said on a post-earnings call on Tuesday that the company has made progress towards securing the necessary regulatory approvals.  Netflix expects the addition of HBO Max would allow it to offer more personalized and flexible subscription options to better meet the needs of its diverse global audience. It also sees the theatrical business as a new revenue stream. But some analysts argue the deal would create near-term uncertainty around integration costs, content spending and the large debt load of the combined company. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Alan Barona)

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