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flag Warner Bros. Discovery is for sale, with major companies bidding amid hopes for continued film innovation.

flag Warner Bros. flag Discovery is up for sale with bids due Thursday, prompting speculation over its future as potential buyers like Paramount, Netflix, Comcast, and Amazon vie for the studio. flag Founded in 1923, the company behind classics like "Casablanca" and "The Jazz Singer," and franchises including "Looney Tunes" and "Barbie," was formed by merging Warner Media and Discovery, though a planned split into film/streaming and cable units has not yet happened. flag Theater owners are watching closely, hoping the next owner will prioritize theatrical releases and support original, diverse filmmaking amid concerns that consolidation could reduce risk-taking and limit opportunities for new talent. flag Recent critical successes from Warner Bros. raise hopes for continued creative investment.

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