One studio to rule them all and in the darkness bind them: Netflix, Paramount Skydance and Comcast have submitted new bids to buy Warner Bros. Discovery, part or parcel. One’s got cash (Netflix), another’s got Saudi money (PSKY), but the question is: Who needs whom more? And which studio exec would be most palatable to the town as the new head of Warner Bros.’ TV and film studios — Ted Sarandos, David Ellison or Donna Langley? Elaine Low, Sean McNulty and Natalie Jarvey suss out the latest (binding) bids for WBD and which combos make the most sense for the studios and for the health of Hollywood. Plus, the battle between idealistic Patreon and heavy-hitter Substack for writers and creators, and Richard Rushfield’s take on why anyone but a Hollywood studio should buy WBD.

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