Like a thrilling corporate drama, the battle for Warner Bros Discovery acquired a sensational new subplot last week when, not willing to let go, Paramount Skydance made a comeback with a $108.4 billion all-cash hostile bid for the studio powerhouse,

Robert and Michelle King are staying put at CBS Studios, renewing their overall deal to create, produce and write shows

Netflix won the bidding war for Warner Bros. Discovery’s (WBD’s) streaming and movie studio businesses last week. But Paramount Skydance isn’t relenting on its dreams of owning WBD and is pushing forward with a hostile takeover bid.

What a year the past week has been in the battle for Warner Bros. Discovery. In just seven days, Hollywood has gone from thinking that Paramount was the inevitable winner of the David Zaslav–led media empire to the shock news that Netflix had signed a purchase agreement for the WB studio and streaming assets — only to wake up Monday to witness Paramount and its CEO David Ellison mounting a hostile takeover attempt for the company.

Veteran advertising executive Louis Carr has been elevated to president of Paramount’s BET channel. “For nearly four decades, Louis has been instrumental in driving BET’s success and cultural influence,

It’s (still) good to be the Kings. Robert and Michelle King have renewed their overall deal with CBS Studios, their creative home for nearly 20 years. Under the deal, the Kings and their King Size Productions banner will continue to create and produce shows for streaming and broadcast.