Tom Cruise has seemingly saved Hollywood again following his involvement in thwarting Netflix's takeover of Warner Bros.

Larry and David Ellison of Paramount Skydance are poised to control a behemoth media empire if their winning bid for Warner Bros. Discovery gains regulatory approval – adding HBO, CNN and thousands of movie titles to Paramount,

Employees at the company had started to warm to the idea of Netflix as its corporate owner. Now they face the prospect of major cuts under Paramount.

The Warner Bros. acquisition saga took a major turn this past week, as the studio’s board determined that a new bid from Paramount Skydance proved to be “superior” to the on

The Jane Fonda-led Committee for the First Amendment released a video Friday satirically imagining what Hollywood's future might look like if the Ellison-run Paramount is allowed to buy Warner Bros. The video,

One European TV and film head raised the potential for EU regulation changing the shape of the deal. Both Paramount and WBD have international networks, sports rights deals and other assets that could be considered problematic under the same roof, and it’s likely watchdogs will look closely at the deal.

A Paramount deal could be worse than a Netflix deal would have been for Warner Bros. employees.

A sweetened offer gives David Ellison and Paramount another shot at claiming the studio as talk in town turns to who's backing which bid.