The tug-of-war for one of Hollywood’s most storied empires has entered a decisive stage. Warner Bros. Discovery (WBD) has officially reopened the door for takeover talks with Skydance-owned Paramount to hear the company’s “best and final” offer. This pivot comes after Netflix issued a 7-day waiver to the WBD board to clarify the finer details of both deals. In the meantime, Warner’s board is still recommending shareholders’ support of its proposed merger with Netflix.