Paramount Skydance has filed what is believed to be a sweetened bid for Warner Bros. Discovery, opening a new round of haggling in efforts to snare the company’s HBO Max streaming service and Warner B...

Paramount Skydance submitted a higher offer for Warner Bros Discovery, a source familiar with the matter told Reuters on Monday, ratcheting up efforts to derail the HBO Max owner's deal with Netflix.

WBD would need to pay a $2.8bn break fee to Netflix if it decides to go with the rival offer, although Paramount has said it would cover this cost.