Warner Bros. Reportedly Considering New Paramount Offer Despite Netflix Merger Agreement

The Warner Bros. sale has quickly become one of the most whirlwind entertainment company buyouts in recent memory. Despite having a deal in place with Netflix, which has already made several promises to the theatrical industry and moviegoers themselves, it seems WB may actually be considering Paramount’s unwavering attempts to acquire the company.

Bloomberg reports that Warner Bros. is considering reopening negotiations with Paramount after its latest, amended offer. This updated deal would allegedly cover the nearly $3 billion fee if the Netflix deal is canceled. However, the board has apparently not responded to the new bid and still has a binding agreement with the streaming giant. Still, this could force Netflix to once again update its own offer, despite it already being agreed to. Of course, there is a chance that this is simply a move by WB to try to up the price of the deal, without real intentions of reopening conversations with the desperate party. No matter the case, one thing has been made obtusely clear: Paramount is not taking no for an answer.

Until anything official is announced, it should be assumed the WB-Neflix deal is still in the process of being completed. But Paramount is not giving up anytime soon, it seems, especially as the company believes it has the best chance to get through the regulatory process under the Trump administration. This, in essence, is the company’s biggest trump card (sorry), outside the fact that it continues to up its bid in increasingly questionable ways through external investors. Nevertheless, despite many detractors of the Netflix-WB agreement, it is hard to imagine a world in which the streamer does not come out winning after Paramount’s (very) public and desperate attempts to get the deal thrown out.

Netflix’s Stunning Admission About Theatrical Window Ahead of Warner Bros. Deal

More to come.