But its response to Paramount indicates Warner Bros prefers its deal with Netflix, and the odds of a switch are long. Paramount later on Tuesday acknowledged the seven-day offer, even as it called Warner Bros' board actions "unusual." Pentwater, which ⁠owns about 50 million shares of Warner Bros, has backed Paramount's bid. "Every substantive complaint that the Warner Bros board had with Paramount's previous offer has ​been addressed," Halbower said in an interview last week. To start talks with Paramount, Warner Bros' board secured ⁠a special waiver from Netflix.

Source: The Star February 18, 2026 00:20 UTC