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. )

"Wow. I gotta say, if my company's got that kind of green, I'm sure they can afford to uncancel one of their best shows," the host said.

Hollywood has a rich history of personal vendettas, political discord and uncertain loyalties shaping the industry.

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.

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.

BANGKOK (AP) — Paramount Skydance says the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a possible national security review.