Still, price remains a top concern for WBD, which has also suggested that it could get more for its cable channels if they were sold separately from its movie studios and HBO Max. A Paramount deal would force WBD to stop working on the spinoff, which could be problematic if the merger fell apart.

Wall Street analysts have speculated that Paramount will eventually surpass the $30 threshold to win support for its proposal to acquire all of WBD, including CNN. But for now, WBD continues to say that its existing deal to sell Warner Bros. and HBO (but not CNN or other cable assets) to Netflix is in the shareholders’ best interests.

Warner Bros. Discovery clapped back at Paramount Skydance's lawsuit seeking more financial details on WBD's deal with Netflix and said Paramount's continued campaign to try to convince Warner Bros. shareholders that its $30/share offer is superior is an attempt to "distract" investors.

In a major escalation, Paramount said it is planning to run a slate of directors at WBD's annual meeting and has sued for disclosures around the Netflix deal.

Beth and Rip's Yellowstone spinoff got an official title after Kayce Dutton's show was renamed. During the 2026 Golden Globes on Sunday1, CBS aired a teaser showing a brief clip from Kelly Reilly and Cole Hauser's highly-anticipated series: Dutton Ranch.

Film and TV producer David Ellison acquired control of Paramount in August. He’s put reinvigorating brands like MTV and CBS News among his priorities. If he finds a strategic partner for MTV the strategy could serve as a template for other Paramount businesses.