Bidding War
A sex comedy starring Olivia Wilde has generated significant buzz at the Sundance Film Festival. The film, titled 'The Invite,' premiered to a standing ovation over the weekend. It has now ignited a competitive bidding war among distributors.
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Warner Bros. Discovery's board is set to reject Paramount Skydance's amended hostile takeover bid following a meeting next week, sources say. The decision prioritizes WBD's merger with Netflix amid delays, costs, regulatory hurdles, and investor skepticism despite sweeteners like Larry Ellison's guarantee.