Core Viewpoint - Warner Bros. Discovery is open to selling itself after rejecting a takeover offer from Paramount Skydance, indicating a strategic review to explore options for maximizing asset value [1][2]. Group 1: Strategic Review and Offers - The company has initiated a comprehensive review of strategic alternatives due to unsolicited interest from multiple parties for the entire company and Warner Bros. specifically [2][3]. - Paramount previously offered "around" $20 per share for Warner Bros. Discovery, leading to an 8% increase in the company's shares in pre-market trading [2]. Group 2: Company Split and Future Plans - Warner Bros. Discovery plans to split into two companies: one focusing on global TV networks and the other on streaming and studios, with completion expected by mid-2026 [3][4]. - The CEO expressed confidence in the company's future, projecting HBO Max to reach 150 million homes by next year and asserting that the streaming service is undervalued [4]. Group 3: Market Position and Pricing Strategy - The company believes its quality across motion picture, TV production, and streaming allows for potential price increases, indicating a perception of being underpriced [5]. - A potential renewed bid from Paramount for Warner Bros. would mark a significant turnaround, as Warner Bros. had previously considered acquiring Paramount but could not agree on financial terms [5].