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Tony Khan beams with optimism during media call about AEW's bright future amid Paramount-WBD deal.
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Tony Khan expresses optimism for AEW amid Paramount-WBD deal

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During a media call ahead of AEW Revolution, Tony Khan voiced excitement about Paramount's acquisition of Warner Bros. Discovery, calling it huge for All Elite Wrestling. He highlighted the secure future for AEW's platforms and expressed a desire to share airtime with UFC. Khan emphasized his strong relationships with key figures in the evolving media landscape.

Promotional material from Target has leaked new images of the adult versions of Aang, Katara, Sokka, Toph, and Zuko from the upcoming film The Legend of Aang: The Last Airbender. The images also introduce a new character who appears to be an airbender. The movie, originally planned for theaters, will now stream on Paramount+ starting October 9.

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Following the late February announcement of the $110-111 billion Paramount-Warner Bros. Discovery merger, Paramount CEO David Ellison addressed about 200 top Warner Bros. executives on March 10, 2026, at the Burbank studio lot. He outlined ambitions like increased theatrical releases and saluted CNN staff, while legal restrictions limited detailed strategy talks. Attendees called the session perfunctory, with concerns over cost savings and layoffs persisting.

David Ellison's Paramount has increased its offer for Warner Bros. Discovery beyond the previous $30 per share, aiming to disrupt Netflix's pending acquisition. The revised bid comes as a seven-day negotiating window expires on February 23, 2026. Netflix retains the right to match any improved proposal.

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Netflix co-CEO Ted Sarandos accused Paramount of spreading confusion among Warner Bros. Discovery shareholders during a CNBC interview on February 17, 2026. This comes as Warner Bros. Discovery opens seven days of negotiations with Paramount following a waiver from Netflix. Sarandos expressed confidence in Netflix's proposed $82.7 billion acquisition deal.

Warner Bros. Discovery has confirmed receipt of an amended unsolicited tender offer from Paramount Skydance and will carefully review it. The offer, valued at $30 per share, addresses prior concerns but does not increase the monetary bid. This development comes amid WBD's existing agreement to sell assets to Netflix.

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Unions and industry organizations are mobilizing to oppose Netflix's proposed acquisition of Warner Bros. and HBO, amid a rival all-cash bid from Paramount Skydance. Paramount argues that Warner Bros. Discovery is overvaluing its traditional TV networks, making the Netflix deal less favorable for shareholders. The corporate battle highlights tensions in the shifting entertainment landscape.

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