Paramount leaders talked film profitability and the prospect of new NFL TV rights deal but they avoided all questions about Warner Bros. Discovery.

Paramount Tuesday evening said it "welcomed” the determination of the Warner Bros. Discovery board that its latest offer could potentially prove a winner and provided a bit more detail on the sweetened terms.

By Harshita Mary Varghese Feb 25 (Reuters) - Paramount Skydance forecast first-quarter revenue below Wall Street estimates on Wednesday, citing an ongoing decline in legacy TV, but predicted strong growth in its streaming unit this year on additional subscribers and price increases.

The entertainment giant remains tight-lipped on its negotiations with Warner Bros. Discovery, but said its streaming business earned $2.2 billion in revenue over the past few months, marking a 10 percent year-over-year increase.

A Little Slice of Hell,' a horror film with David F. Sandberg attached to direct, is in development at Paramount Pictures, Deadline has learned.

Paramount President Jeff Shell has been accused of leaking confidential data about the company's landmark $7.7 billion deal with the Ultimate Fighting Championship a month before it was announced in August 2025 in a whistleblower complaint.

The media company is pursuing a high-stakes bid for rival Warner Bros. Discovery.

Paramount Skydance, in the midst of pursuing a acquisition of Warner Bros, Discovery, saw downturns in revenue from TV advertising and distribution in the fourth quarter, which helped to spur a wider loss for the period, even as revenue increased in its streaming and film operations.