Warner Bros rebuffs Paramount takeover approach amid streaming slowdown

Warner Bros Discovery reportedly rejected an informal acquisition approach from Paramount Global, according to Bloomberg. Executives cited regulatory hurdles and debt-reduction priorities as reasons to decline early merger talks. The discussions occurred as both studios face pressure from slowing streaming growth and high production costs. Industry analysts say consolidation among U.S. media giants remains possible as advertising markets soften and direct-to-consumer losses persist. (Reuters)