PARAMOUNT TO ACQUIRE WARNER BROS. DISCOVERY TO FORM NEXT-GENERATION GLOBAL MEDIA AND ENTERTAINMENT COMPANY

from Paramount on Paramount's website at [https://ir.paramount.com/sec-filings/paramount], from WBD on WBD's website at [https://ir.wbd.com] or on request from Paramount or WBD, as applicable. Additional information concerning the interests of WBD's participants in the solicitation, which may, in some cases, be different than those of WBD's stockholders generally, will be set forth in WBD's proxy statement relating to the proposed transaction when it becomes available.Cautionary Note Concerning Forward-Look ...