On December 8, Paramount launched a hostile takeover bid for Warner Bros. Discovery, setting up a battle with Netflix for the company behind HBO, CNN, and its iconic movie studio, with the potential to reshape much of the US entertainment landscape.
The offer, valued at US$108.4 billion, comes days after Warner’s top executives agreed to Netflix’s $82.7 billion purchase. Paramount’s bid targets shareholders directly, aiming to acquire all of Warner’s businesses, including the cable assets Netflix does not want.
It’s hard to imagine Hollywood without Warner Bros. Their name is everywhere, from classic films to today’s hit shows. Founded in 1923, this iconic studio has shaped cinema history, yet the story of the company itself remains surprisingly hidden.
How well do you really know the rags-to-riches tale behind Warner Bros.? Click through to discover the fascinating, little-known facts about the studio that changed Hollywood forever.