A video shared online soon after Netflix announced it was acquiring Warner Bros. was edited so the Netflix logo would be on the iconic water tower.

Before Netflix bought Warner Bros., the streaming giant reportedly had its sights set on another major studio: Disney. According to a new report from Bloomberg, Netflix had previously considered buying Disney, along with a number of other media companies, but had always ultimately decided against it.

Netflix's Acquisition of Warner Bros. Represents a Paradigm Shift in the Streaming Industry. Here Are 6 Things Investors Should Know About the Deal. Netflix plans to acquire certain assets of Warner Bros. for a total enterprise value of roughly $83 billion.

Paramount sent a letter from CEO David Ellison addressed to Warner Bros. Discovery shareholders that 'clearly sets out why Paramount’s $30.00 per share all-cash offer to acquire all of WBD is superior to WBD’s transaction with Netflix.

Since Netflix's deal was confirmed last Friday (December 5), Paramount has since launched a cash bid of $100 billion, with the studio stating that Warner Bros. Discovery "never engaged meaningfully" with their previous attempts to negotiate a deal.

As Netflix and Paramount battle to buy Warner Bros. Discovery, Councilmember Konstantine Anthony requested that the City of Burbank enter into litigation to prevent the sale of the studios. The former mayor of Burbank issued a statement Thursday urging the city to intervene with the intent of “preserving jobs in the city.

The eye-popping numbers led Late Show host Stephen Colbert to muse about the Paramount bid during his monologue Tuesday night. (Paramount owns CBS, which airs The Late Show. )

As the battle between Netflix & paramount over who will own Warner Bros heats up again, Disney CEO Bob Iger today  strategically stepped in with some opinions of his own