Following Paramount/Skydance Corp’s submission of revised parameters intended to revive a purchase deal, Warner Bros. Discovery is considering reopening negotiations with the rival studio. This might put Netflix back in a high-stakes battle for one of Hollywood’s most valuable content portfolios. The board has been debating whether Paramount could provide a better offer, while Warner Bros. is still legally obligated to sell its studio and HBO Max streaming business to Netflix. The board of directors are now deliberating their response; thus, no decision has been reached.Tug of War Between Paramount and Warner Bros.Some of the most divisive issues that had previously stalled negotiations have been attempted to be resolved in Paramount’s revised offering. In the event that Warner Bros. decides to withdraw from the current arrangement, Paramount has promised to pay Netflix’s $2.8 billion termination fee. The firm also addressed worries regarding funding stability and leverage by suggesting it might guarantee a debt restructuring by Warner Bros.In addition, Paramount expressed its confidence that regulators would approve the merger quickly by saying it would compensate Warner Bros. shareholders if the deal did not conclude by 31 December.The most recent change has changed the board’s internal evaluation, but Warner Bros. still has…  ​Read MoreStartupTalky- Business News, Insights and Stories

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