Warner Bros. Discovery's board rejected a $30-per-share all-cash offer from Paramount Skydance, backed by billionaire Larry Ellison's personal guarantee, in favor of Netflix's $82.7 billion cash-and-stock deal.

Paramount extends deadline on hostile Warner Bros bid to February 20Paramount extends bid deadline to sway investors against Netflix dealWarner Bros board favours

The Paramount Plus Essential and Premium plans each went up $1. The ad-supported Essential version increased to $9, and the ad-free Premium version rose to $14. The option to prepay for a year of streaming now costs $90 for Essential and $140 for Premium, up from $60 per year for Essential and $120 per year for Premium.

Netflix will pay all cash for the $83 billion deal to acquire major parts of Warner Bros. Discovery, instead of a mix of cash and stock.

As Netflix and Paramount battle over who wins Warner Bros. Discovery, the two are shaking hands on a content licensing deal that will bring roughly 20 Paramount TV shows to the megastreamer. Netflix will stream "Mayor of Kingstown,

A major streaming platform has followed through on a planned price hike. Paramount+ announced in November that it would be increasing prices for both its ad-supported and ad-free plans and that went into effect on Jan.

The Netflix–Paramount Skydance streaming wars keep twisting so sharply that Christopher Nolan would do well by taking notes. The conflict started when Netflix secured board approval to acquire Warner Bros.

Warner’s leadership has repeatedly rebuffed Skydance-owned Paramount’s overtures — and urged shareholders just weeks ago to back its the sale of its streaming and studio business to Netflix for $72 billion. Paramount, meanwhile, has made efforts to sweeten its $77.9 billion hostile offer for the entire company.