Netflix is looking to expand its content library, while Paramount has proposed acquiring the entire Warner Bros. business.
The Gate 2 entrance to Warner Bros. Studios in Burbank, Calif., in this file photo. Robyn Beck/AFP via Getty Images
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Warner Bros. Discovery said on Feb. 17 that it will resume negotiations with Paramount Skydance after securing a seven-day waiver from Netflix, providing both sides time to resolve what the entertainment empire called “deficiencies” in Paramount’s bid for the iconic film and TV studio.
Negotiations have been intense for the past two months.
