WBD CEO David Zaslav Memorandum: Rejecting Paramount's Proposal Again

Warner Bros. Discovery, under the leadership of CEO David Zaslav, has once more declined the acquisition proposal from Paramount's Skydance. This marks the eighth time the offer has been turned down.

In a note to the entire organization on Wednesday morning observed by Business Insider, Zaslav clarified the decision to stick with the partnership deal with Netflix, deeming their offer superior.

Zaslav highlighted that Warner Bros. Discovery's board engaged in a detailed analysis of Paramount’s latest offer and concluded that Netflix's deal remains more advantageous.

The assessment process was thorough and systematic, bolstered by independent evaluations from financial and legal counsel, Zaslav communicated to the team.

Clear Plans for 2026

Zaslav assured employees that the company’s current operational strategies are on course and objectives for 2026 are deliberate and well-defined. Key projects for the coming years will officially commence in February.

He encouraged the workforce to remain focused and not be distracted by external noise. The core emphasis as the year kicks off should be on collective effort, professionalism, and the dynamic energy each individual contributes.

Company's Commitment to Creativity and Innovation

Zaslav expressed gratitude for the dedication shown by the employees, emphasizing the company's confidence in its current trajectory. He highlighted the continuous commitment to innovation across various media platforms — movies, television, sports, news, streaming, and gaming.

The CEO concluded by reaffirming their mission to create compelling content for audiences and partners globally, all the while underscoring the creative momentum and expansive reach that defines Warner Bros. Discovery.

David Zaslav remains confident as Warner Bros. Discovery progresses towards its strategic goals for 2026, prompting the company to remain resolute and optimistic about what lies ahead.