Warner Bros. Discovery revenue drops 6% as rivals Paramount Skydance, Netflix in heated bidding war

Warner Bros. Discovery, at the center of a high-stakes bidding war, reported a 6% drop in quarterly revenue, hurt by declines for its traditional TV and film businesses though its HBO Max streaming service gained subscribers with buzzy series like “Heated Rivalry.”The company in its earnings statement on Thursday did not address its discussions with Paramount Skydance, whose latest offer threatens to upend an existing deal with Netflix. Paramount enticed Warner Bros.’ board back to the bargaining table last ...