The media company said it remains committed to the $82.7 billion deal it reached in December to sell its streaming service, studio and HBO cable channel to Netflix.

Paramount Skydance streaming product and tech chief Vibol Hou is leaving at the end of January. Read his message to colleagues.

Paramount is sticking by its $30 per share tender offer for Warner Bros. Discovery, arguing in a statement Thursday morning that its all-cash bid remains “superior” to the deal that WBD signed with Netflix, and urging WBD shareholders to back its bid.

Warner Bros. Discovery's board again urged shareholders to reject Paramount Skydance's offer, calling it inferior to Netflix's bid

Officials for Paramount Skydance said their offer of $30 per share to buy Warner Bros. Discovery is "superior" to a competing offer from Netflix.

Paramount Skydance on Thursday reiterated that its $108.4 billion bid for Warner Bros Discovery was superior to a rival deal from Netflix, saying the value of the cable spinoff central to the streaming giant's offer was effectively worthless.

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.

Warner Bros. Discovery's board has unanimously turned down Paramount Skydance's latest attempt to acquire the studio.

A 'Recovery Agent' movie from producer Gal Gadot and Paramount is in the works, Deadline can report exclusively