Warner Bros. Discovery is weighing whether to reopen merger discussions with Paramount Skydance Corp. after receiving sweetened takeover terms, according to people familiar with the matter, adding a fresh twist to an already high-stakes battle for control of the storied Hollywood studio.

Artificial intelligence has shifted from a growth catalyst to a central source of concern during the latest earnings season. According to Bloomberg News transcript analysis, references to “AI disruption” nearly doubled quarter-over-quarter, reaching record levels in late 2025 and early 2026 corporate conference calls.

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