cnbc.com / .cnbc-com-media

James Cameron, award-winning director known for "Avatar" and "Titanic," calls Netflix's proposed acquisition of WBD assets "disastrous" for theater business.

Warner Bros. Discovery on Tuesday said it will engage in deal talks with Paramount Skydance under a 7-day waiver from Netflix.

Warner Bros. board members are weighing whether Paramount's sweetened bid may result in a better deal or prompt Netflix to up its offer, Bloomberg reports.

CEO Adam Symson said in an interview with CNBC the changes are intended to alleviate journalists from administrative tasks, but not replace them with AI.

Paramount has sweetened its offer for Warner Bros. Discovery, adding a so-called "ticking fee" to signal regulatory confidence among other new elements.

President Donald Trump on Saturday expressed support for Nexstar's bid for Tegna, which would significantly expand the network's reach.

Google, Amazon and Meta are among the companies advertising their AI tools during Super Bowl 60.

NFL plans to look outside traditional media for potential partners for live games, NFL Media chief Hans Schroeder said.

Disney has named Josh D'Amaro, chairman of Disney Experiences, as its next CEO, succeeding Bob Iger and clinching a closely watched succession race.

An analyst said the question of who will succeed Bob Iger as CEO has been an 'overhang' on Disney's stock.