The Latest Breaking News from Paramount

The Emmys are here

Canelo Álvarez and Terence Crawford's fight could change the landscape of boxing's business.

Shares of Walt Disney Co (NYSE:DIS) and Netflix Inc (NASDAQ:NFLX) are trading lower Friday, possibly pressured by reports that a Paramount Skydance Corp (NASDAQ:PSKY) group is preparing a bid for Warner Bros. Discovery Inc (NASDAQ:WBD). The news could sparked a threat for the streaming industry leaders.

Warner Bros. Discovery Inc (NASDAQ:WBD) shares are trading higher Friday, building on this week’s rally. The stock’s momentum follows reports that Paramount Skydance Corporation (NASDAQ:PSKY), led by David Ellison and backed by RedBird Capital, is preparing an all-cash bid to acquire the company. Here’s what investors need to know.

Shareholders of Warner Bros. Discovery (NASDAQ:WBD) were likely cheering on Wednesday as shares had their biggest single-day gain of 29%. Perhaps, it's sports fans who should also be cheering as a potential combination of Warner Bros. and Paramount Skydance (NASDAQ:PSKY) could create a sports juggernaut.

From Only Murders in the Building's return to this year's Emmy Awards, here's what's worth watching this weekend.

Investors betting on a Paramount Skydance Corp (NASDAQ:PSKY)–Warner Bros Discovery Inc (NASDAQ:WBD) tie-up aren't just buying into a flashy studio mash-up; they're staring down a high-stakes reshaping of Hollywood's balance of power.

Paramount Skydance is reportedly prepping a bid to purchase Warner Bros. Discovery, which includes the WG Games unit.

The hiring of Kenneth Weinstein as an ombudsman hands the US president a seat at the editors’ desk