Paramount, Comcast and Netflix are poised to submit a second bid on Monday, kicking the auction into high-gear.

Netflix’s $82.7 billion agreement to acquire Warner Bros. has instantly redrawn the map of global entertainment, fusing the world’s largest subscription platform with one of Hollywood’s oldest and most powerful studios.

By Harshita Mary Varghese, Aditya Soni and Dawn Chmielewski Dec 8 (Reuters) - Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant.

As companies, executives and politicians fight over the future of legendary movie studio Warner Bros., audiences will be left behind.