# media consolidation

Paramount Turns Up the Heat on Warner Bros. Discovery with Quarterly 'Timing' Payments and a Netflix Breakup- Fee Offer

Paramount has amended its offer for Warner Bros. Discovery by adding a quarterly "timing fee" and offering to pay the $2.8 billion breakup fee if WBD’s deal with Netflix collapses, while keeping its $30 per‑share headline bid intact. The package is intended to provide cash certainty and a clearer regulatory route, but analysts caution it may not be enough to convince shareholders to abandon the larger Netflix proposal.