A video shared online soon after Netflix announced it was acquiring Warner Bros. was edited so the Netflix logo would be on the iconic water tower.

As Netflix and Paramount battle to buy Warner Bros. Discovery, Councilmember Konstantine Anthony requested that the City of Burbank enter into litigation to prevent the sale of the studios. The former mayor of Burbank issued a statement Thursday urging the city to intervene with the intent of “preserving jobs in the city.

Since Netflix's deal was confirmed last Friday (December 5), Paramount has since launched a cash bid of $100 billion, with the studio stating that Warner Bros. Discovery "never engaged meaningfully" with their previous attempts to negotiate a deal.

Netflix’s proposed $82-billion purchase of Warner Bros. is triggering warnings from unions and theater groups, who fear the deal could accelerate consolidation, reduce jobs, and sharply impact the theatrical box office.

Former close aides to Donald Trump are enmeshed in the Paramount-Netflix face-off over buying Warner Bros. Discovery.

The bidding war to buy Warner Bros. Discovery is creating wild stock-price swings. There is more than one way to take advantage.Warner stock has been moving since news surfaced at the end of October that Netflix was interested in buying Warner Bros.

Disney CEO Bob Iger strategically stepped in with some opinions of his own about Netflix and Paramount's battle to acquire Warner Bros.