Major media companies Netflix, Comcast, and Paramount have officially submitted bids for Warner Bros. Discovery as the company prepares for a potential sale. The bidding war is heating up, with Paramount regarded as a frontrunner amid growing speculation about involvement from Middle Eastern investors. A dinner featuring high-profile guests including Oprah Winfrey and Al Pacino took place just before the submission of initial bids, emphasizing the high stakes of the acquisition. Meanwhile, theater owners are closely watching the situation as they anticipate changes in Hollywood dynamics. With bids due soon, the competition is set to reshape the media landscape, with a final winning offer expected to be below $30 per share.