With Warner Bros. Discovery putting itself out to market, there’s lots of speculation as to who has the guts to buy one of the last major studios remaining. Though WBD has rejected Paramount’s offer several times already,

David Ellison, Ted Sarandos, Eddy Cue, Steven Spielberg and Jeffrey Katzenberg were all on hand to help celebrate Zaslav, at the same time that Warner Bros. Discovery hits the market.

Warner Bros. Discovery board rejects initial takeover bids, demanding a higher valuation as major media players circle a potential billion-dollar deal.

After hustling for decades to get to the big stage, Zaslav is eager to prove critics wrong and complete a turnaround after three painful years of setbacks and cost cuts to reduce the company's mountain of debt.

DC Studios and Warner Bros. have been linked for many decades due to once being owned by the same parent company. But after the comic book company saw a lull in on-screen success, Warner Bros. decided to bring on past Marvel director Gunn and his longtime collaborator Peter Safran on as co-heads in 2022.

The company faced headwinds in its 2025 upfront sales session, owing to the loss of NBA rights, which moved this season to NBCUniversal and Amazon. With that now past, there may be some hope of a more normalized negotation that is focused on the assets the company has under its umbrella.