Paramount Skydance gained fresh ammunition in its campaign to convince Warner Bros Discovery shareholders that its $108.4 billion bid for the storied Hollywood studio, HBO, and Discovery Channel is the better offer: the market's response to Comcast's spin-off.

Paramount Chief Executive David Ellison continued his outreach to Warner shareholders saying, “Our offer clearly provides WBD investors greater value and a more certain, expedited path to completion."

Paramount’s offer “represents the best path forward” for Warner Bros shareholders, Paramount said in a statement on Thursday.

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.

Paramount Skydance is still trying to make its case to Warner Bros. Discovery shareholders that it's the better suitor -- after WBD's board again rejected its latest takeover offer this week.

The Warner Bros. Discovery board has unanimously voted to rebuff Paramount’s $108.4 billion offer and urged shareholders to reject the hostile takeover bid. The board is continuing to support Netflix’s pending $82.7 billion purchase of its streaming and movie studios businesses along with a separate spinoff of the Warner Bros. cable TV division.

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

Paramount Plus’s new TV and movie releases for December 29, 2025, to January 4, 2026, include New Year’s Eve Live: Nashville’s Big Bash and Barron’s Cove. New Year’s Eve Live: Nashville’s Big Bash will air on Paramount Plus on Wednesday,