In a swipe to Netflix, Paramount promises to release 30 films in theaters as it unveiled its hostile takeover bid for Warner Bros. Discovery.

Should Paramount succeed in acquiring Warner Bros, the combined studio will release more than 30 theatrical titles a year. This was Paramount CEO David Ellison’s promise during a phone presser following news of the conglom’s hostile takeover bid for Warner Bros Discovery.

Today's announcement by Netflix that it will acquire the Harry Potter, DC Comics and Game of Thrones owner came with an acknowledgement that it plans to continue releasing Warner Bros.' films theatrically — at least, for now.

There's a growing fight in Hollywood over some of the biggest characters on screen, like Tony Soprano, Daenerys Targaryen and Harry Potter. All feature in shows and films owned by Warner Brothers Discovery,

The White House’s preferred bidder for Warner Bros is back in the race with a hostile takeover offer that challenges Netflix’s plan to create an unassailable media empire.

Netflix's bid for Warner Bros. Discovery sparks filmmaker concerns over potential control and impact on the theatrical ecosystem.