This Monday, Netflix's management reiterated its intention to acquire part of Warner Bros. Discovery, after the company received a multi-million dollar offer from Paramount to its shareholders.

Both Greg Peters and Ted Sarandos, co-CEOs of Netflix, commented on their proposal, indicating that the streaming giant would continue releasing films on The theaters. “We are strengthening one of Hollywood’s most iconic studios, supporting jobs and ensuring a healthy future for film and television production,” they stated.

Before Paramount entered the fray, Netflix offered $82.7 billion, about $27.75 per share. They also indicated that their intention was not to buy the entire company, but rather a part of it.

However, Paramount went directly to shareholders, offering $108 billion, about $30 per share in cash, and stating that they wanted to buy the entire company, including its production studios, television channels, and streaming platforms.