Does David Zaslav deserve to receive more than half a billion dollars in connection with the sale of Warner Bros. Discovery to David Ellison’s Paramount Skydance?
Leading proxy advisory firm ISS recommended Warner Bros. Discovery shareholders support the company’s sale to Paramount Skydance but advised against CEO David Zaslav’s potential $886 million merger-related golden parachute.
Paramount's stock saw an 11% jump after confirmation of a $24 billion investment from Middle East funds in a potential Warner Bros. Discovery takeover.
Sovereign wealth funds from the Middle East are reportedly providing financial backing for Paramount's proposed takeover of Warner Bros. Discovery (WBD).
Paramount Skydance, led by David Ellison, has reportedly secured nearly $24 billion in commitments from sovereign wealth funds in Saudi Arabia, Qatar, and Abu Dhabi. This funding is intended to back its potential takeover of Warner Bros. Discovery.
Fox’s ad-supported streamer Tubi has significantly boosted its Canadian on-demand library by acquiring more than 600 movies and TV shows from major content providers including Disney, Lionsgate, NBCUniversal, Sony Pictures Entertainment, and Warner Bros. Discovery.
Six productions from TVN Warner Bros. Discovery and its journalists, including Piotr Jacoń and Monika Olejnik, received awards at the 20th International FilmAT Festival.
Warner Bros. Discovery has scheduled a special shareholder meeting for April 23 to vote on the proposed sale to David Ellison’s Paramount Skydance, a critical step in the acquisition process, with the sale moving full steam ahead.
CNN contributor Kara Swisher has publicly stated she will leave the network if Paramount owner David Ellison and his billionaire father Larry Ellison succeed in their bid to acquire Warner Bros. Discovery.
After months of negotiations, Paramount has reportedly finalized a deal to acquire Warner Bros. Discovery and HBO for a staggering $111 billion, a move that has garnered significant attention.
David Ellison’s Paramount Skydance has claimed it has “confidence in the speed and certainty of its regulatory pathway” in closing the acquisition of Warner Bros. Discovery in a $111 billion deal.
Citi analysts suggest Netflix is in a stronger position to raise subscription prices following the collapse of its potential Warner Bros. Discovery acquisition, freeing it from M&A and regulatory scrutiny. This development opens new opportunities for the streaming platform's stock, according to Citi.
An analysis examines whether Warner Bros. Discovery's stock is currently outperforming the Dow Jones Industrial Average, providing insights into its market position.
WBD also disclosed a potential payout David Zaslav of $887 million, though the actual number could be lower or higher, depending on if Paramount pays a ticking fee, or if a tax reimbursement is lower.
Netflix's stock price has seen a dramatic reversal and become a market winner following management's decision to abandon its proposed acquisition of Warner Bros. Discovery Inc.
Amazon MGM Studios has hired Buddy Marini to serve as its top executive in Japan, effective March 6. Based in Tokyo, he will drive the slate of local originals spanning film, TV series and anime, build out the studio’s network of creators and production partners, and work with global teams to bring Japanese stories to […]
A key ally of Paramount has advocated for using financing from a Saudi sovereign wealth fund to acquire Warner Bros. Discovery, citing a changing global landscape.
In a convenient bit of timing, the first premiere hosted by Warner Bros. Discovery since the jolt of its pending acquisition by Paramount was a comedy. Rooster is not just a comedy, but one with broad-audience potential, co-created by Bill Lawrence of Ted Lasso and Scrubs fame. The Warner Bros-produced show’s debut Sunday on HBO […]
David Zaslav, president and CEO of Warner Bros. Discovery, filed to sell just over $114 million worth of stock in the company. His planned sale of the shares comes less than a week after WBD clinched a deal to sell itself to Paramount Skydance for $31 per share, after Netflix walked away from its deal […]
“Frankenstein” producer Scott Stuber has spent the last lap of award season fielding questions from industry insiders about his thoughts on the future of Warner Bros.
Paramount CEO David Ellison says the company’s pending merger with Warner Bros. Discovery will give it the scale it needs to compete with Netflix. “We will combine the streaming portfolios of the two companies into one stronger platform over the coming years,” Ellison told Wall Street analysts Monday on a conference call to discuss the […]
Paramount President Jeff Shell, a key member of the management team during the company’s pursuit of Warner Bros. Discovery, did not join Monday’s conference call to discuss the merger.
The proposed $111 billion merger between Paramount and Warner Bros. Discovery is expected to undergo close examination by global regulators due to potential competition issues.
Paramount and Warner Bros. are officially becoming one ... a historic merger -- and a huge Hollywood twist after Netflix bowed out yesterday of the race as the finish line was in sight.
It’s official. For real this time. Warner Bros. Discovery is selling itself to Paramount for $31 a share in cash in a deal worth $110 billion. The companies unveiled their formal agreement on Friday.
Warner Bros. Discovery zgodził się na przejęcie przez Paramount Skydance w ramach transakcji opiewającej na 110 miliardów dolarów. Umowa została w piątek podpisana – dowiedziała się agencja Reutera.
The pic's promising start gives David Ellison's Paramount additional reason to celebrate after getting another chance to buy Warner Bros. Discovery after Netflix walked away.
We’re coming to the end of another whirlwind week in international film and TV, Insiders, and that’s not just because Paramount has won the battle for Warner Bros. Discovery.
The surprise news Thursday that Netflix was ending its pursuit of Warner Bros. caught nearly everyone in Hollywood off guard, including staffers inside Warner Bros., Paramount and Netflix.
Netflix has reportedly withdrawn from the bidding war to acquire Warner Bros. Discovery after Paramount-Skydance's revised offer was deemed superior, with Netflix declining to raise its bid.
Warner Bros. says Paramount's sweetened bid to buy the whole company is "superior" to an $83 billion deal it struck with Netflix for just its streaming services, studios, and intellectual property.
President Donald Trump last weekend demanded that Netflix fire former Obama administration official Susan Rice from its board, or else “pay the consequences.”
Warner Bros. Discovery CEO David Zaslav gave no indication of which way the company is leaning as it sizes up a sweetened buyout offer from Paramount against its planned merger with Netflix – but he…
Shares of Netflix rose more than 5% in trading Wednesday in the aftermath of Warner Bros. Discovery revealing it had received what could be a competitive offer for the company from Paramount Skydance that might leave the streaming giant mulling whether to continue its pursuit. Netflix shares stood at $82.23 per share in trading early […]
Warner Bros. Discovery is reviewing a revised acquisition proposal from Paramount Skydance, even as its board reaffirmed support for a previously announced buyout deal with Netflix.
Warner Bros. Discovery's board is reportedly warming to a revised and improved acquisition offer from Paramount, with new details about the potential deal emerging.
Warner Bros. Discovery has purchased the history documentary series 'Days That Shocked The World' for distribution in EMEA, which will revisit major events such as Fukushima, Chernobyl, and 9/11.
Actor Adam Pally has been cast as the lead in 'The Sanctuary,' an upcoming comedy series from L.A.-based producers Happy Accidents and New Zealand’s Kevin & Co., as well as Warner Bros. Discovery’s New Zealand.
Paramount Skydance CEO David Ellison has had his sights on Warner Bros. Discovery for months.
Gilbert Flores/Variety via Getty Images; Mario Tama/Getty Images
Paramount Skydance is coming up against a key deadline in its pursuit of Warner Bros. Discovery.
David Ellison's media company doesn't need to raise its bid just yet, however.
The crucial WBD shareholder vote isn't until March 20, giving the Ellisons extra time if they need.
Paramount Skydance is staring down a key deadline in its pur...
Warner Bros. Discovery reported record-breaking streaming performance for the Milano-Cortina 2026 Olympic Winter Games, with the company posting triple-digit growth across its HBO Max and Discovery+ platforms compared to the Beijing 2022 Games. The return of the Olympic Winter Games to Europe, combined with what the company described as a highly innovative streaming experience, drove […]
Mark Ruffalo fired back at James Cameron on Saturday morning after the “Avatar” director wrote in a letter to Senator Mike Lee, chair of the Senate subcommittee on antitrust, that Netflix buying Warner Bros. Discovery would be “disastrous for the theatrical motion picture business.” “So… the next question to Mr Cameron should be this,” Ruffalo […]
Paramount has cleared a 10-day waiting period after responding to a second request for information from the DOJ around its unsolicited offer for Warner Bros. Discovery. The company said today that the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Act means “there is no statutory impediment in the U.S. to closing” the acquisition. […]
A podcast discusses the latest developments in Warner Bros. Discovery's M&A love triangle and includes a tribute to the late Robert Duvall's 'symphonic' talent.
Warner Bros. Discovery's sports division has partnered with DAZN to launch a monthly boxing showcase on TNT, marking its regular return to the boxing ring.
Ryan Gould, President of U.S. ad sales for Warner Bros. Discovery, has been named chairman of OpenAP, a consortium focused on interoperable digital ad-buying practices.
Paramount Skydance has secured $24 billion in commitments from Gulf funds, increasing its offering of Class B shares, to support its bid for Warner Bros. Discovery. This funding strengthens its position in the acquisition attempt.
Shaquille O’Neal, in partnership with Authentic Brands Group and Warner Bros. Discovery’s TNT Sports, is launching 'Dunkman,' the first professional dunk league.
The UK government is attempting to attract AI startup Anthropic to expand its presence in Britain, capitalizing on the company's conflict with the US Department of Defense. Separately, Paramount is reportedly seeking support from Gulf countries for its acquisition of Warner.
Warner Bros. Discovery (WBD) and CEO David Zaslav have successfully defeated a securities fraud lawsuit concerning the company's failed renewal of its NBA broadcasting rights.
Warner Bros. Discovery has scheduled a special shareholder meeting for April 23 to vote on the proposed sale to David Ellison’s Paramount Skydance, a critical step in the acquisition process, with Eva Longoria expressing fears over the potential impact of the merger on jobs and diversity.
The Los Angeles County Board of Supervisors has ordered an analysis of the proposed Paramount-Warner Bros. Discovery merger, including its impact on the entertainment industry workforce. HBO's Casey Bloys has also commented on the pivotal moment in entertainment history, acknowledging the ongoing developments with the merger.
A group of Democratic senators has called for a full and independent FCC review of the proposed Paramount-Warner Bros. Discovery merger, citing concerns over foreign ownership and investment. The $111 billion deal now faces challenges regarding its feasibility and potential for completion.
Taylor Frankie Paul's ill-fated season of "The Bachelorette" has pissed off some of the suitors to the point they're now considering a lawsuit. Sources with knowledge tell us ...
Netflix narrowly missed out on buying Warner Bros. Discovery (WBD) and now new data has shone a light on the impact this could have on its kids content offering.
The Pitt star Noah Wyle will be among those testifying at a hearing led by Sen. Adam Schiff (D-CA) on Friday, touching on Paramount’s proposed merger with Warner Bros.
Netflix has transitioned from an M&A loser to a market winner, with its stock price benefiting significantly from the decision to not pursue a deal with Warner Bros. Discovery, demonstrating strong independent performance and becoming a growth stock once again.
The Her Universe Fashion Show is teaming up with Warner Bros. Discovery at this year’s San Diego Comic Con for a DCU superhero and villain-inspired runway.
The potential acquisition of Warner Bros. Discovery by Paramount Skydance has created uncertainty regarding the future of HBO content on Canadian streaming service Crave.
Less than a week after dropping out of the bidding for Warner Bros. Discovery, Netflix has made a smaller but intriguing acquisition of an AI firm founded by Ben Affleck.
A potential merger between Paramount and Warner Bros. Discovery is expected to significantly impact the streaming industry, creating a combined entity that would rival Disney and Amazon, though still trailing Netflix and YouTube.
On today’s episode of “Daily Variety” podcast, Variety’s Michael Schneider examines the questions swirling around HBO as the storied brand braces for Paramount’s takeover of Warner Bros. Discovery.
Like the rest of the town last week, the shock news of Paramount Skydance’s 11th hour successful acquisition of Warner Bros. Discovery stung deep at HBO. According to at least one insider, when word came down on Thursday that Netflix had ended its pursuit of the company, HBO chairman and CEO Casey Bloys walked out […]
Following the closure of the Warner Bros. Discovery deal, Paramount+ and HBO Max are slated to merge into a single streaming service, consolidating their content offerings.
Paramount Skydance plans to merge Paramount+ and HBO Max into one streaming platform, after the completion of the acquisition of Warner Bros. Discovery.
Netflix co-CEO Ted Sarandos visited the White House on Thursday, and shortly after announced his company was no longer going to try to buy much of Warner Bros. Discovery.
Paramount Skydance plans to combine Paramount+ and HBO Max into one streaming service, upon the completion of the merger between Paramount and Warner Bros. Discovery.
Paramount has successfully outbid Netflix to acquire Warner Bros. Discovery for $111 billion, a move that is expected to significantly reshape the film industry.
Mary Walsh joined the news network in September 1982, with her departure arriving a day after Netflix backed out of the bidding war for Warner Bros. Discovery, that was ultimately won by Paramount.
Trade org Cinema United will ask Capitol Hill lawmakers, the Justice Department and states to stop further consolidation of the contracting movie industry by blocking David Ellison's bold bid.
Things in media M&A land continue to move fast with Netflix revealing this afternoon that it is $2.8 billion richer after receiving the fresh cash from Paramount. The David Ellison company’s Superior Proposal for Warner Bros. Discovery, which was accepted by the WBD board, included paying out the termination fee if WBD walked away from […]
Paramount Skydance kupuje Warner Bros. Discovery za 110 miliárd dolárov. Vzniká mediálny gigant, ktorý má ambíciu postaviť sa Netflixu na všetkých frontoch.
California attorney general says, not so fast to Paramount Warner Bros. merger
Christina House/Los Angeles Times via Getty Images
California's attorney general is investigating Paramount's Warner Bros. merger, citing antitrust issues.
California Attorney General Rob Bonta said the merger had not "cleared regulatory scrutiny."
Netflix walked away from its bid for Warner Bros. on Thursday.
Netflix dropped its bid for Warner Bros. Discovery, clearing a path for Paramount Skydance. But Californ...
Paramount is reportedly acquiring Warner Bros for $111 billion after Netflix withdrew from the bidding. The potential takeover has raised concerns due to the possible future owners' ties to former US President Donald Trump, which could lead to changes at CNN.
Warner Bros. Discovery's board has accepted Paramount's improved all-cash offer of $31 per share, leading Netflix to withdraw its previous bid, deeming the price too high.
Netflix has announced that it has declined to raise its offer for Warner Bros. Discovery, meaning Paramount Skydance now has a clear path to win the bidding war for the company in charge of Game of…
While at the center of a tug-of-war between Paramount Skydance and Netflix, Warner Bros. Discovery reported its fourth-quarter 2025 earnings results Thursday.
TKO Group President and COO Mark Shapiro was asked Wednesday during the company’s quarterly earnings call whether he is rooting for Paramount or Netflix to win the battle for Warner Bros. Discovery. “
Your move, Netflix. A day after Warner Bros. Discovery stunned the industry and the business world by extending merger talks with Paramount, Netflix shares jumped 6% as of the final minutes of Wednesd
Warner Bros. Discovery veteran Karen Horne has been named executive director of showrunner Mara Brock Akil’s Writers’ Colony talent development program designed to nurture underrepresented writers. Ho
Paramount Tuesday evening said it “welcomed” the determination of the Warner Bros. Discovery board that its latest offer could potentially prove a winner and provided a bit more detail on the sweetened terms. WBD’s Board of Directors announced earlier that Paramount’s revised $31 per share, all-cash offer to acquire WBD could reasonably be expected to […]
Paramount Skydance has increased its offer for Warner Bros. Discovery to $31 per share, which the WBD board believes could lead to a superior proposal compared to Netflix's bid.
HBO Max is continuing its global rollout by debuting in 12 Asia Pacific markets. Warner Bros. Discovery will debut the global streaming service HBO Max on March 26 in Bhutan, Fiji, Kiribati, Maldives, Marshall Islands, Micronesia, Nauru, Niue, Samoa, Tonga, Tuvalu and Vanuatu. THis comes after HBO Max’s recent launch in Italy and Germany, and ahead of […]
Shares of Warner Bros. Discovery firmed Monday, one of the few equities in the green as tariff and trade uncertainty tanked markets. WBD has had an exceptional run over the past six months since Paramount began lobbing unsolicited takeover bids, triggering an auction that resulted in Warner’s December deal with Netflix, but with PSKY continuing […]
David Ellison’s Paramount Skydance has a Monday deadline to submit its best and final offer for Warner Bros. Discovery — and Paramount is expected to come back with an offer above its previous $30/sha
After months of jabs and feints, the white gloves may have truly come off in Netflix and Paramount’s multibillion-dollar battle for control of Warner Bros. Discovery. With just 24 hours left to go on the WBD board’s weeklong talks with the David Ellison-owned company and its “best and final offer” in the $108 billion hostile […]
James Cameron has written a letter arguing that if Netflix is successful in its bid for Warner Bros.’ studio and streaming businesses, it could cause huge job loss, change the theatrical landscape and hurt the film export business. The “Avatar” filmmaker sent his letter last week to Senator Mike Lee, chair of the Senate subcommittee […]
Paramount continues its efforts to acquire Warner Bros. Discovery, even as its CBS network faces criticism for mishandling an interview, triggering a 'Streisand effect'.
Paramount Skydance has completed transactions to restructure the debt financing for its proposed $111 billion acquisition of Warner Bros. Discovery, as disclosed in an SEC filing.
Paramount Skydance (PSKY) shares experienced a significant surge after investment funds committed billions of dollars towards a potential buyout of Warner Bros. Discovery (WBD).
Paramount has confirmed that sovereign wealth funds from Saudi Arabia (PIF), Abu Dhabi (L'Imad), and Qatar are providing financial backing for its acquisition of Warner Bros. Discovery.
Exclusive reports indicate that Gulf funds have agreed to support Paramount's proposed $81 billion acquisition of Warner Bros. Discovery, potentially reshaping the media landscape.
Cinema United, representing movie theater owners, has escalated its opposition to the proposed Paramount-Warner Bros. Discovery merger by appealing to Attorneys General Associations, citing concerns for 'Main Street America'.
The board of Warner Bros. Discovery has called a general meeting for shareholders to vote on a proposed acquisition, with the board unanimously recommending approval.
A guest column in Deadline urges anti-trust regulators to reject the proposed link-up between Warner Bros. Discovery, Paramount, and Skydance, citing concerns over market concentration.
Up-and-coming CNN personality Rahel Solomon, who anchored one of the network's early morning programs, has announced her decision to leave the Warner Bros. Discovery-backed outlet.
ABC and Warner Bros. Discovery are in meltdown, as a tidal wave of ripple effects from the cancellation of "The Bachelorette" is already being realized. Sources with direct knowledge tell us ...
A new lawsuit alleges Donald Trump told Oracle founder Larry Ellison he could secure Warner Bros. Discovery for Paramount Skydance over Netflix. Paramount Global has dismissed the claims as baseless.
Warner Bros. Discovery CEO David Zaslav stands to gain significantly, potentially becoming a billionaire, from the company's sale to Paramount, highlighting the substantial executive benefits from the deal.
While David Zaslav has stolen most of the headlines for his personal financial gains from the Warner Bros. Discovery-Paramount merger, several other rich payouts are in the offing. The same SEC filing that laid out Zaslav’s expected $886.8 million in merger-related compensation Monday also included some eye-popping figures for other principals. Most of the loot […]
Paramount CEO David Ellison ventured onto the Warner Bros lot on Tuesday for a meeting with top execs at Warner Bros. Discovery, addressing the troops at a delicate time.
Option traders are showing a moderately bearish sentiment towards Warner Bros. Discovery, as the company's shares experienced a slight decline of 0.55%.
Paramount Skydance CEO David Ellison, having acquired Warner Bros. Discovery, now faces the challenge of proving Paramount can compete with Netflix in the streaming landscape.
A report suggests that Netflix's aggressive attempt to acquire Warner Bros. Discovery was derailed last week, with a 'tampon incident' in a Netflix men's room cited as a contributing factor.
Netflix CFO Spencer Neumann said the company has plenty of room for growth even though it decided not to stay in the running to acquire Warner Bros. Discovery.
Warner Bros. Discovery chief executive David Zaslav is selling stock worth north of $114 million, according to an SEC filing Tuesday, with the company’s sale to Paramount pending and the cash…
Paramount Skydance’s $110 billion bid for Warner Bros. Discovery is not just a Hollywood deal. Powered by $24 billion from sovereign wealth funds in Saudi Arabia, Qatar and Abu Dhabi, the proposed merger is sparking debate over soft power, influence and media independence at a company that includes CNN and HBO. Saudi Arabia’s Public Investment […]
Paramount executives stressed today that once merged with Warner Bros. Discovery, the company combined has no plans to unload any legacy cable networks. CEO David Ellison and COO and Chief Strategy Officer Andy Gordon were asked about that several times by analysts on a call. They have spoken frequently already about the logic of […]
CNN employees are reportedly in 'naked panic' over the potential acquisition of Warner Bros. Discovery by Trump allies from the Ellison family, fearing the implications for the news channel hated by the US President.
Paramount executives tried to reassure regarding the extent of layoffs anticipated as it seeks $6 billion-plus in synergies within three years of closing its acquisition of Warner Bros. Discovery.
Paramount announced plans to combine its streaming service Paramount+ with HBO Max into a single platform, following the completion of its acquisition of Warner Bros. Discovery (WBD).
Netflix CEO Ted Sarandos discussed the reasons for withdrawing from the bid to acquire Warner Bros. Discovery, stating that President Trump remained neutral throughout the process despite narratives of political resistance.
US media and entertainment company Paramount Skydance announced its intention to acquire fellow media giant Warner Bros. Discovery, signaling a major consolidation in the entertainment industry.
Netflix's potential $83 billion deal with Warner Bros. Discovery has fallen through, leading to grim faces among Warner employees who now face major cuts under Paramount.
It should come as no surprise that the Writers Guild of America is not pleased about the latest development in the Warner Bros. Discovery acquisition saga. After the news broke Thursday that Paramount had outbid Netflix for the legacy studio, the WGA East and West weighed in via a joint statement on Friday, once again […]
Netflix had the legal right to match the PSKY offer. As you all know, they ultimately decided not to do that. That then resulted in a signed agreement with PSKY as of this morning, says Bruce Campbell, Warner Bros’ chief revenue and strategy officer
Not long ago, Mr. Zaslav was widely criticized for his management of Warner Bros. Discovery. He overcame the doubters, cementing a blockbuster sale to Paramount.
Warner Bros. Discovery’s board of directors is opening the door to a bidding war between Paramount and Netflix. The board has officially labeled Paramount’s latest $31-per-share offer a “company superior proposal.” While that does not mean that the board has withdrawn its recommendation of the pending Netflix offer to shareholders, it triggers a four-day period […]
Warner Bros. Discovery (WBD) has indicated that the loss of live broadcast rights for the NBA has resulted in a 4% impact on its financial performance.
Warner Bros. Discovery had a soft fourth quarter as media networks shed subscribers and advertising took a hit year-on-year from the loss of the NBA. But the roiling M&A tide, with Paramount suddenly in a position to possibly hijack a planned Netflix transaction, is top of mind on Wall Street amid WBD’s latest financials. The […]
Paramount Skydance leaders steered clear of any discussion of the company’s latest bid to acquire Warner Bros. Discovery as it unveiled fourth-quarter 2025 earnings report on Wednesday that reflected
Warner Bros. Discovery is scheduled to release its fourth-quarter financial results, as a bidding process, potentially related to its future, continues to extend.
Paramount's Skydance has submitted a revised $31 per share bid for Warner Bros. Discovery, which the board now considers potentially superior to Netflix's $27.75 per share offer.
Paramount CEO David Ellison will be attending Donald Trump’s State of the Union address on Tuesday, hours after he received encouraging news over his bid for Warner Bros. Discovery. Per Sen. Lindsey G
Warner Bros. Discovery is reportedly considering a 'sweeter' offer from Paramount, which might lead to a better deal than a previous one with Netflix, and will continue talks with David Ellison's company.
Warner Bros. Discovery has confirmed receiving a revised, reportedly sweetened, bid from Paramount/Skydance, initiating a new phase in acquisition negotiations.
Warner Bros. Discovery is expected to inform shareholders that it is reviewing a new offer from Paramount Skydance, while still recommending a previously discussed Netflix pact.
Paramount has reportedly increased its offer for Warner Bros. Discovery as the seven-day negotiating window approaches its expiration, aiming to secure the acquisition.
Netflix co-CEO Ted Sarandos, speaking at the BAFTA Film Awards, sent a message to Paramount to 'put a better deal on the table' as both studios vie for Warner Bros. Discovery.
Paramount Skydance's potential acquisition of Warner Bros. Discovery has received antitrust clearance from the U.S. Justice Department, despite not having a formal deal in place yet.
The competition for ownership of Warner Bros. Discovery is drawing the attention of EU regulators, who may play a crucial role in the outcome of the acquisition.