Netflix, Comcast and Paramount submit Warner Bros. Discovery bids

The heavyweights of Hollywood made their cases on Thursday to acquire Warner Bros. Discovery, a prize that they hope will help them outflank their competitors in the streaming wars.

Netflix, Paramount and Comcast submitted bids to acquire the Hollywood colossus, which owns the Warner Bros. movie studio, HBO and cable networks like CNN and TNT, four people with knowledge of the proposals said.

The outcome of the sale could alter the trajectory of the entertainment business.

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