Warner Bros. Rejects Paramount's Offer—How It Affects WBD, NFLX, PSKY

Netflix, Warner Bros., and Paramount logos dramatically presented against a plain background. Key Points Warner Bros. Discovery rose more than 170% in 2025, leading S&P 500 communications stocks. Following the Warner Bros.-Netflix deal, Paramount Skydance is continuing to pursue Warner Bros. However, WBD isn't budging. See what its latest rejection of PSKY's offer means for all three stocks. Interested in Warner Bros. Discovery, Inc.? Here are five stocks we like better. Shares of entertainment gi ...