Most stocks were falling on Wall Street, but Warner Bros. Discovery jumped to one of the market’s biggest gains.

The streaming giant's proposal includes a $5.8 billion breakup fee and promises to maintain Warner Bros. current operations, "including theatrical releases." Theater owners are already speaking out.

For more than a century, the studio has developed era-defining films, supported innovation and created space for artists to explore creativity.

Paramount Skydance is banking on the Ellison family's relationship with Trump following Netflix outbidding the company to acquire Warner Bros.

Ted Sarandos promised that the television studio will continue its business of selling shows such as Ted Lasso to Apple and The Bachelor to ABC.

Netflix has finally commenced closing the deal with Warner Bros. Discovery Inc., winning the bid to acquire the film and TV studios and HBO Max streaming service, which includes the rights to Snyderverse films.