In the latest turn of events in the Warner Bros. buyout deal, Netflix co-CEO Ted Sarandos has explained why the streaming juggernaut has provided a seven-day window to WBD to review Paramount‘s latest bid.

Who will Warner Bros. Discovery employees welcome as their new overlords? The feeling among the rank-and-file has changed over the last several months: Most WBD staffers are now supportive of Netflix’s deal to acquire Warner Bros.

Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.

David Ellison is trying to rewrite the ending to the most dramatic story in Hollywood.

Warner Bros. said Tuesday it had rejected the latest $30-a-share offer from Paramount but would give the company until Monday to rival Netflix and "make its best and final offer."

EXCLUSIVE: Former Paramount Pictures Motion Picture Group Chief Mike Ireland has been hired by Warner Bros Picture Group as President of Production. He will join Jesse Ehrman, Warner Bros current President of Production.

It’s time for David Ellison to put up or shut up. At least that was the not-so-subtle message that Warner Bros. Discovery sent Paramount yesterday morning when it agreed to briefly reopen deal talks — adding another plot twist to a saga that would make Hollywood’s best scribes jealous.

In a new development in the ongoing sale of Warner Bros. Discovery, the company has turned down Paramount Skydance’s latest takeover bid. However, Warner Bros. has invited Paramount to submit what it calls a “best and final” proposal within a limited timeframe.

Paramount’s takeover bid was rejected in favor of Netflix, which wanted only the streaming and studio businesses. Paramount said it would pay more if negotiations were reopened.

Some cinema operators remain wary of Netflix’s bid, including Cinemark CEO Sean Gamble, who said Wednesday he is “apprehensive” Netflix will commit to standard theatrical release windows.