Paramount has made the case for its proposed acquisition of Warner Bros. Discovery in a letter to the company's shareholders, arguing it delivers "superior value and a faster, more certain path to completion than the Netflix transaction."

Paramount has made a hostile takeover bid for Warner Bros. Discovery with an all-cash tender offer for $30 per share, representing an enterprise value of $108.4 billion.

Warner Bros. Discovery in the Asia Pacific has acquired Beyond Bali: The World’s Most Exotic Islands from All3Media International for its AFN channel.