Paramount wants to buy Warner Bros. What to know about hostile takeover bids

David Zaslav, CEO of Warner Bros. Discovery, recently faced a significant shift in leadership dynamics as David Ellison of Paramount offered him a co-CEO position, only for Netflix to secure an $83 billion deal for Warner Bros.' streaming and studio assets. Following this, Ellison launched a $108 billion hostile takeover bid for the entire Warner Bros. Discovery, intensifying the competitive landscape in the media industry.

President Donald Trump has stated that CNN should be sold as part of any deal involving Warner Bros. Discovery, criticizing the current management as either corrupt or incompetent. His remarks come amid ongoing discussions about the potential sale of Warner Bros. Discovery, which includes CNN among its assets.

Netflix has unveiled the first teaser trailer for Season 2 of its live-action adaptation of 'Avatar: The Last Airbender,' set to premiere in 2026. The trailer highlights the return of key characters, including Aang, Katara, Sokka, and the introduction of fan-favorite Toph, as they embark on a mission to gain the support of the Earth King against the Fire Nation. Despite mixed reviews for the first season, the series continues to develop its narrative and characters.

Netflix has released the first trailer for Season 2 of its live-action adaptation of 'Avatar: The Last Airbender,' set to premiere in 2026. The trailer showcases key characters, including Aang, played by Gordon Cormier, as he meets Toph and witnesses Azula bending lightning.

The first trailer for Billie Eilish's 3D concert film, titled 'Hit Me Hard And Soft,' has been released, showcasing a collaboration with renowned director James Cameron. The film, set to premiere on March 20, 2026, is described as an innovative concert experience that will highlight Eilish's latest tour.

Comedian Mike Epps has announced his fifth comedy special, titled 'Delusional,' which is set to premiere on Netflix on January 27. This follows his previous specials, including 'Ready to Sell Out' and 'Indiana Mike,' showcasing his continued partnership with the streaming platform.

Netflix's new series, Simon Cowell: The Next Act, initially presents itself as a documentary but ultimately serves as another iteration of Cowell's formula for creating boy bands, drawing criticism for its lack of originality. The show has been described as a rehash of familiar themes from Cowell's previous projects like The X-Factor.

‘Owning Manhattan’ has returned for its second season on Netflix, featuring Ryan Serhant as he navigates the challenges of selling high-end real estate while also striving to be a dedicated father. This season highlights a more vulnerable side of Serhant, showcasing his personal and professional struggles.