Entertainment
Warner Bros. Discovery sale talks heat up after initial Paramount bid rejected
Paramount, backed by billionaire Larry Ellison and his family, has officially opened the bidding for rival Warner Bros. Discovery — a potential massive merger that would dramatically change Hollywood.
Warner Bros. Discovery’s board rejected Paramount’s initial bid of about $20 a share, but talks are continuing, according to two people close to the companies who were not authorized to speak publicly.
One of the knowledgeable sources said Paramount was preparing a second bid.
Warner Bros. Discovery owns HBO, CNN, TBS, Food Network, HGTV and the prolific Warner Bros. movie and television studio in Burbank.
Ellison, one of the world’s richest men, is committed to helping his 42-year-old son, David, pull off the industry-reshaping acquisition and has agreed to help finance the bid, two people close to the situation said.
The younger Ellison, who entered the movie business 15 years ago by launching his Skydance Media production company, was catapulted into the major leagues this summer with the Ellison family’s purchase of Paramount’s controlling stake.
Since then, David Ellison and his team have made bold moves to help Paramount shake more than a decade of doldrums. Buying Warner Bros. Discovery would be their most audacious move yet. The merger would lead to the elimination of one of the original Hollywood film studios, and could see the consolidation of CNN with Paramount-owned CBS News.
Representatives for Paramount and Warner Bros. Discovery declined to comment.
CNBC reported Friday that two companies have been in discussions for weeks following last month’s news that Paramount was planning a bid. Bloomberg reported Saturday that Warner Bros. Discovery had rejected Paramount’s bid of about $20 a share.
Industry veterans were stunned by the speed of Paramount’s play for Warner Bros. Discovery, noting that top executives had begun working on the bid even as they were putting finishing touches on the Paramount takeover.
One of Paramount’s top executives is a former Goldman Sachs banker, Andy Gordon, who was a ranking member of RedBird Capital Partners, the private equity firm that has teamed up with the Ellisons and has a significant stake in Paramount.
Paramount’s interest prompted stocks of both companies to soar, driving up the market value for Warner Bros. Discovery.
Paramount’s offer of $20 a share for Warner Bros. Discovery was less than what some analysts and sources believe the company’s parts are worth, leading the Warner Bros. Discovery board to rebuff the offer, sources said.
But many believe that Paramount needs more content to better compete in a landscape that’s dominated by tech giants such as Netflix and Amazon.
Paramount has reason to move quickly.
Warner Bros. Discovery had previously announced that it was planning to divide its assets into two companies by next April. One company, Warner Bros., would be made up of HBO, the HBO Max streaming service and the Burbank-based movie and television studios. Current Chief Executive David Zaslav would run that enterprise.
The other arm would be called Discovery Global and consist of the linear cable television channels, which have seen their fortunes fall with consumers’ shift to streaming.
The Paramount bid was seen as an attempt to slip in under the wire because other large companies, including Amazon, Apple and Netflix, may have been interested in buying the studios, streaming service and leafy studio lot in Burbank.
However, Netflix’s co-chief executive Greg Peters appeared to downplay Netflix’s interest during an appearance last week at the Bloomberg Screentime media conference. “We come from a deep heritage of being builders rather than buyers,” Peters said.
Some analysts believe Paramount’s proposed takeover of Warner Bros. Discovery could ultimately prevail because Zaslav and his team have made huge cuts during the past three years to get the various businesses profitable after buying the company from AT&T, which left the company burdened with a heavy debt load. The company has paid down billions of dollars of debt, but still carries nearly $35 billion of debt on its books.
Others point to Warner Bros.’ recent successes at the box office as evidence that Paramount is offering too little.
Despite the tumult at the corporate level, Warner Bros.’ film studio has had a successful year. Its fortunes turned around in April with the release of “A Minecraft Movie,” which grossed nearly $958 million worldwide, followed by a string of hits including Ryan Coogler’s “Sinners,” James Gunn’s “Superman” and horror flick “Weapons.”
Meanwhile, Paramount has been on a buying spree.
Just in the last two months, Paramount made a $7.7 billion deal for UFC media rights and closed two deals that will pay the creators of “South Park” more than $1.25 billion over five years to secure streaming rights to the popular cartoon.
Last week at Bloomberg’s Screentime media conference, Ellison declined to comment on Paramount’s pursuit of Warner Bros. or even whether his company had already made a bid. But he did touch briefly on consolidation in Hollywood, saying, “Ironically, it was David Zaslav last year who said that consolidation in the media business is important.”
“There are a lot of options out there,” he added, but declined to elaborate.
After news of Paramount’s interest surfaced, Warner Bros. Discovery‘s stock jumped more than 30%. It climbed as much as $20 a share, but closed Friday at $17.10, down 3.2%.
Paramount also has seen its stock surge by about 12%. Shares finished Friday at $17, down 5.4%
Warner Bros. Discovery is now valued at $42 billion. Paramount is considerably smaller, worth about $18.5 billion.
Entertainment
Alannah Keyser is latest fired ‘Love Island USA’ contestant to apologize for using a racist slur
Another former bombshell has apologized for past use of a racist slur that got her ousted from the villa.
Fired “Love Island USA” contestant Alannah Keyser posted a video to TikTok on Saturday addressing a past video that showed her using the N-word as she sang along to the Roddy Ricch song “The Box.” On Friday, Peacock confirmed to The Times that Keyser had been dismissed from the hit reality dating show after the resurfaced video began circulating online.
“I do want to begin by addressing the video of me singing along to a Roddy Ricch song that contains a racial slur,” Keyser says in her video. “I’m sorry to whoever has seen that video and has been offended by it; that was never my intention. The video is from six years ago, and that word is just not in my vocabulary anymore.”
A USC film student from Miami, Keyser also addressed some of the other social media chatter about her that had been making the rounds prior to her dismissal. Included were accusations of racism due to screenshots of her alleged use of the racist slur on Snapchat and Instagram as well as observations that alleged she had interacted less with Black men on the show.
She said those screenshots had been “falsified.”
“What has been shared does not reflect the truth, and it’s never been in my character to discriminate against anybody’s skin color,” Keyser said. “I do want to say directly that I do not support racism or discrimination of any kind, and I never have.
“When I first found out that these things were going around online, it really broke my heart, and I couldn’t do anything about it. But this has definitely been a learning lesson for me, and it sucks that I didn’t get a chance to really show my personality and who I am,” she added.
In the caption of her TikTok video, Keyser wrote that “reality tv is HEAVILY edited & [her] chats/kisses with the other boys were unfortunately not aired.”
Keyser was the second “Love Island USA” contestant who was dismissed from the show this season after video of them using the N-word surfaced on social media. Earlier this month, Peacock axed Oregon-based beauty technician Vasana Montgomery just days after it announced its slate of Islanders for the show’s eighth season. She has since apologized, saying, “There is no excuse” for her use of the slur.
Last year, contestants Cierra Ortega and Yulissa Escobar were dismissed from the show for their use of racist slurs. Ortega had been caught repeatedly using a derogatory slur for Chinese people (and Asian people in general) on social media, while Escobar had used the N-word in a couple of podcasts. Both have since apologized.
Movie Reviews
‘The Invite’ Movie Review – Spotlight Report
The Invite is a remake of the Spanish film The People Upstairs, itself based on a play by the same director Cesc Gay. With all remakes, the question is: What’s this version bringing to the table. In this case, it’s a rock solid cast with great chemistry and some very snappy direction by Olivia Wilde.
Joe (Seth Rogen) and Angela (Olivia Wilde) are a dysfunctional couple with some noisily amorous upstairs neighbours. They invite Hawk (Edward Norton) and Piña (Penélope Cruz) to dinner and hijinks ensue.
There’s a lot to like about The Invite. Each member of the cast is funny in their own way. Rogen plays his usual schlub but his character is more nuanced than usual, with the rapid-fire jokes masking a deep frustration and melancholy. Wilde‘s Angela is a persnickety neurotic, but it’s not hard to see why. Cruz plays a sultry therapist who’s in permanent flirt mode but is also holding something back. Norton steals the show with a quietly hilarious performance as a retired firefighter who is all too eager to share his new age insights. The way each person interacts with the other results in a rollercoaster of cringe comedy, acerbic satire and genuine gut-busters. This is a film that relies entirely on performance and actually succeeds.
The story itself is a little masterpiece. Adapted from Gay’s original by Rashida Jones and Will McCormack, the dialogue is quick, laden with not-very-subtextual motivations and always up to something. It’s very even-handed, and all the characters are sympathetic but flawed in amusing ways. Watching the increasingly desperate Joe and Angela bouncing off the Hawk and Piña is both funny and excruciating. Joe’s attraction to Piña is played fairly straight, but Angela’s attraction to Hawk becomes side-splitting as she pours out her soul to his Zen-calm ears and gets responses that make her even more attracted to him and by the end she’s practically hyperventilating.
The Invite does take something of a turn towards the end, although the film is in a state of continual twist throughout. This final shift throws the couples’ dysfunction into stark terms but doesn’t ruin anything. In the end, it moves from a somewhat misanthropic tone to a sincere and compassionate one. It skillfully makes you complicit in Joe and Angela’s spatting and then forces you to reconsider. The comedy is so intense throughout the film that when this happens it might lose some viewers, but it’s well-earned, true to the characters and it’s a very satisfying payoff.
The Invite is a small film that feels like a return to a better era in cinema. It’s a remake that is worth watching for its performances, and it’s very, very funny. It’s the sort of film that can be watched at home given its confined setting, but it generates enough laughs that seeing with an audience is a real pleasure.
Entertainment
Jesús Ortiz Paz and Jimmy Humilde took their legal dispute to Instagram. Here’s the breakdown
What started off as a trailblazing music partnership between música mexicana band Fuerza Regida and L.A. label Rancho Humilde has now fizzled into a sticky online drama.
On Saturday, Fuerza Regida frontman Jesús Ortiz Paz, better known as JOP, took to his personal Instagram account to post a statement addressing the band’s ongoing legal battle with the independent label led by music mogul Jimmy Humilde, who signed the band in 2018.
“To everyone who supports Fuerza Regida, you deserve to hear our music,” Ortiz Paz wrote in a public statement. “You deserve to see us perform at the World Cup. You deserve to listen to us on the MLB [Major League Baseball] album.”
This statement, which has since disappeared from JOP’s Instagram post, alleged that music created by the música mexicana group “keeps disappearing.”
Among the songs that have been taken down from streaming platforms by Rancho Humilde are “Triston,” “Todos nos Shipean” and “67,” according to the band’s publicist.
In September 2025, Rancho Humilde filed a lawsuit against Fuerza Regida, alleging breaches of contract for unilaterally collaborating with artists outside the label — such as Chino Pacas and Drake — and signing exclusive live performance deals with Apple Music and Live Nation.
Fuerza Regida countersued, alleging that Rancho Humilde withheld millions in royalties and attempted to “sabotage” the band’s success, including by neglecting to submit its music for consideration ahead of the 2024 Latin Grammys.
The case is still making its way through the courts.
“Everyone knows [what’s] going on[.] [You see] it [in the] media, [that’s] why I’m going to let justice do its job, everyone is going to know who you really are,” the post by JOP continued in both English and Spanish. “[He who has nothing to hide has nothing to fear], go let [Jimmy Humilde] & [Rancho Humilde] know how you feel, make your voice heard. Our story isn’t over I promise.”
Humilde responded to the artist in the comment section shortly after the post was made public.
“You asked me for a bigger [deal], I got it done. You asked me for your [masters], I fought to make it happen. You wanted to become one of the biggest artists in the [world], I have everything I had to help build that dream,” wrote Humilde.
“When you needed help, I didn’t just bring business. I brought my lawyers, my doctors, my relationships, my time, and my heart. I stood by you when it mattered the most,” Humilde continued. “You walked away with the biggest check of your [life,] over $50 million. I never complained. I was happy to see you win because your success was our success.”
“What hurts is seeing everything we’ve built together reduced to a public narrative that doesn’t tell the whole story. If you believe people deserve the truth, then honor the agreement we made. Complete the contract the same way I honored every commitment I made to you. I never stopped looking out for you. I only ask that you do the same. [He who has nothing to hide has nothing to fear].”
In a separate comment — which Humilde uploaded to his own Instagram account with Fuerza Regida’s own song “El Dinero Los Cambio” (which describes how money can change someone) — the label head pushed back on allegations of robbery: “I robbed you? Robbed you of what, fool. You didn’t even have a dollar for me to rob.”
The music mogul also accused JOP — who founded his own label Street Mob Records in 2018 — of sabotaging his own bandmates. “Let’s talk about [how] your own band members went from partners to being employees. They didn’t have much of a choice.”
“And let’s not forget I helped you land a $15 million deal for your label. After that, how you choose to take care of your artists is on you. [Let’s] ask Chinito [Pacas], Calle [24] and Armenta!!” added Humilde, including the names of artists signed to Street Mob Records.
JOP of Fuerza Regida performs at South By Southwest on March 13 in Austin, Texas.
(Cat Cardenas / For De Los)
In an email to De Los, Humilde’s lawyer, Mike Trauben, pushed back on claims that Rancho Humilde is trying to stop Fuerza Regida from making music and obtaining other opportunities.
They cite two recent deals that were approved by Rancho Humilde, including Fuerza Regida’s appearance on “Grand Theft Auto” and in the online video game “Fortnite,” which aligns with the contractual framework both parties had negotiated.
With regards to the proposed MLB and FIFA collaborations, Humilde’s council said that Fuerza Regida sought to prevent Rancho Humilde from exercising its claimed contractual rights, which was ultimately denied by a federal court.
The reason certain songs were removed from streaming platforms is because Fuerza Regida chose to release music outside the agreed Rancho/Sony distribution structure and without the approvals required under the parties’ agreements, per Humilde’s lawyers.
“Ultimately, this case is not about stopping an artist from succeeding,” wrote Trauben to The Times. “It is about whether sophisticated parties are required to honor the agreements they voluntarily negotiated after success had already arrived.”
According to Trauben, Rancho Humilde and Fuerza Regida, both parties entered a completely new agreement in 2022 that fundamentally restructured their entire business relationship, fully terminating the initial 2018 contract in place. As a result, Fuerza Regida received a flat million-dollar bonus, Rancho Humilde converted its ownership of existing masters into a 50/50 structure and the two entered into a new agreement, which Humilde’s lawyers claim favors Fuerza Regida.
“This case is not about whether artists should have rights. They absolutely should. Nor is it about preventing Fuerza Regida from making music,” wrote Trauben. “Rather, this case asks a much broader question that affects the entire music industry: Do contracts still matter after artist success arrives?”
The Times reached out to Fuerza Regida’s attorney but did not hear back as of this publication.
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