Suitors submit bids for Warner Bros. Discovery
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Robert Pietranton, a beloved and respected publicity and communications exec at Warner Bros. TV for the past 20 years, has died. He was 56.
The stock has risen to approximately $24 per share, marking an incredible 122% increase year-to-date, fueled by excitement regarding streaming
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.
Robert Pietranton, a longtime public relations executive at Warner Bros. Television, has died. Pietranton died Wednesday at his home in Los Angeles at the age of 56.
WB Discovery CEO David Zaslav hosted a starry dinner at his Beverly Hills home, hours before he flew to New York to field early bids for the company.
Warner Bros. has been in the news a lot this week – not because they have a big new movie coming out, but because the whole studio is up for sale. Hopefully they warn any potential buyers about the pest situation in the water tower.