The claim was made as part of Warner Bros. Discovery’s dismissal of Paramount’s hostile takeover offer.

Early Wednesday morning, Warner Bros. Discovery, CNN’s parent company, published a letter to shareholders and an SEC filing, formally rejecting Paramount’s latest offer for the entire company, deeming...

That certainly feels like a change in stance from Netflix’s initial comments about Warner Bros. movies heading to theaters, in which Netflix CEO Ted Sarandos said, “Over time, the [movie theater] wind...