UPDATE 1-Paramount submits higher offer for Warner Bros Discovery in bid to block Netflix, source says
UPDATE 1-Paramount submits higher offer for Warner Bros Discovery in bid to block Netflix, source says is drawing significant interest across the industry.
The bidding ?war for one of Hollywood's most coveted assets including the "Harry Potter" and "Game of ?Thrones" ?franchises has raised the stakes for dominance in the streaming-led market. Paramount's new bid — which improves its initial offer of $108.4 billion, or $30 per share, for the whole company — seeks to address Warner Bros concerns about the certainty of its financing, the source said.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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