Welcome to our dedicated page for WARNER BROS DISCOVERY SEC filings (Ticker: WBD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Warner Bros. Discovery, Inc. (NASDAQ: WBD) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures, including current reports on Form 8-K, annual and quarterly reports when filed, and transaction-related documents. These filings are essential for understanding how WBD structures its media and entertainment operations across cable and other subscription programming, streaming, studios and global networks, and how major strategic transactions are documented.
Recent Form 8-K filings describe several material events. One 8-K filed in December 2025 outlines the Agreement and Plan of Merger among Warner Bros. Discovery, Netflix, Inc., a Netflix subsidiary and a newly formed WBD subsidiary. This filing explains the planned holding company merger, the separation and distribution of WBD’s Global Linear Networks business into a SpinCo, and the subsequent merger of WBD’s Streaming & Studios business into a Netflix subsidiary. It details the cash and stock consideration for WBD shareholders, the Exchange Ratio mechanism, the Net Debt Adjustment tied to SpinCo’s net debt, and the treatment of WBD stock options, restricted stock units, deferred stock units and notional units.
Other 8-Ks describe the company’s strategic review of alternatives, including the potential separation of “Warner Bros.” and “Discovery Global,” and the clarification of executive employment and incentive arrangements in that context. Additional filings cover financing actions such as a Non-Investment Grade Leveraged Bridge Loan Agreement for a term loan facility, amendments to a multicurrency revolving credit agreement, and tender offers and consent solicitations for outstanding notes and debentures. Regular earnings-related 8-Ks furnish quarterly results and shareholder letters.
On this page, Stock Titan surfaces WBD’s SEC filings with real-time updates from EDGAR and AI-powered summaries that explain the structure and implications of complex documents. Investors can quickly see how the Netflix Merger Agreement is structured, how the planned separation of Streaming & Studios and Global Networks is documented, and how new debt facilities and tender offers affect WBD’s obligations. Users can also review filings related to executive compensation, leadership changes and other governance matters. These tools help readers interpret lengthy 10-K, 10-Q and 8-K filings, as well as any future proxy statements or registration statements connected to the Netflix transaction, the Discovery Global separation or competing proposals.
Paramount Skydance Corporation submitted a revised proposal to acquire Warner Bros. Discovery. Paramount says it presented the proposal after a seven-day waiver under WBD's merger agreement with Netflix allowed engagement.
The filing states that the WBD Board must deem Paramount's offer a "Company Superior Proposal," the four business day match period must expire, the Netflix merger agreement must be terminated, and a definitive merger agreement must be executed. Paramount will continue its previously announced tender offer and solicitation opposing the Netflix transaction while the WBD Board considers the revised proposal.
Warner Bros. Discovery, Inc. amends its Solicitation/Recommendation Statement on Schedule 14D-9 to address the unsolicited tender offer by Prince Sub Inc. and Paramount Skydance Corporation to purchase outstanding Series A common stock at $30.00 per share, as described in the Offer to Purchase dated December 8, 2025.
This Amendment No. 9, dated February 24, 2026, supplements Item 9 by adding a press release dated February 24, 2026 as an exhibit and reiterates the Statement filing certification by Chief Legal Officer Priya Aiyar.
Warner Bros. Discovery tender offer updated: Paramount Skydance’s subsidiary filed Amendment No. 23 reporting results. The Purchaser offered to buy all outstanding Series A common shares at $30.00 per share in cash under the Offer dated December 8, 2025. This Amendment supplements the Schedule TO and adds a press release as an exhibit dated February 24, 2026.
Netflix filed a Schedule 14A proxy communication relating to its proposed acquisition of Warner Bros. Discovery (WBD), including a transcript of Ted Sarandos’s February 23, 2026 BBC Radio 4 interview. Netflix reiterates its $83 billion bid for WBD’s streaming assets and contrasts it with a $108 billion rival proposal from Paramount, and notes the solicitation is subject to stockholder and regulatory approvals.
The transcript highlights Netflix metrics disclosed on-air: ~325 million subscribers across 190 countries, a market capitalization cited at > $330 billion, ~20 million UK subscribers, Netflix’s stated $6 billion original-programming spend in the UK since 2020, and claims of creating 50,000 jobs in the UK. The filing directs readers to the definitive proxy statement first mailed on or around February 17, 2026 and urges review of SEC filings for details.
Netflix, Inc. filed a Schedule 14A communication in support of its proposed acquisition of Warner Bros. Discovery, describing the $83 billion transaction and urging Warner Bros. Discovery stockholders to review the definitive proxy statement.
The communication republishes a February 20, 2026 interview with Netflix Co-CEO Ted Sarandos outlining Netflix’s commitments—including preserving a 45-day theatrical window and maintaining existing paid-download home entertainment windows—and defending Netflix’s valuation and regulatory position. The filing reminds readers that the deal remains subject to stockholder and regulatory approvals and directs investors to the Proxy Statement and SEC filings for complete information.
Netflix filed a Schedule 14A proxy statement pursuant to Rule 14a-12 in connection with its proposed transaction with Warner Bros. Discovery. The Proxy Statement was first mailed to WBD stockholders on or around February 17, 2026.
The filing includes a transcript of Netflix Co-CEO Ted Sarandos on February 20, 2026, reiterating Netflix’s commitment to a 45-day theatrical exclusivity, noting competing offer dynamics (Netflix bid $27.75 per share; a rival bid around $30–$31 was discussed), and confirming retained rights to match competing proposals.
Paramount Skydance Corporation reports the 10-day HSR waiting period expired on February 19, 2026 following its certification of compliance with the Department of Justice's Second Request related to its all-cash offer to purchase all shares of Warner Bros. Discovery, Inc.
The expiration means there is no statutory U.S. impediment under the HSR Act to closing the proposed acquisition, subject to a definitive merger agreement, shareholder approval and regulatory clearance in other jurisdictions; Paramount secured Germany clearance on January 27, 2026.
Netflix filed a Schedule 14A proxy communication in connection with its proposed acquisition of Warner Bros. Discovery’s studios and HBO Max assets. Netflix says its offer provides $27.75 per WBD share plus the value of the separated Discovery Global unit and cites a shareholder vote set for March 20, 2026.
The filing includes interview transcripts in which Netflix’s co-CEO Ted Sarandos defends the transaction, notes a seven-day window to surface Paramount’s competing proposal, describes ongoing antitrust reviews with U.S. and international regulators, and states intentions to preserve theatrical windows (a 45‑day theatrical exclusivity), continue box office reporting, and offer HBO as a standalone product.
Paramount Skydance Corporation urges Warner Bros. Discovery (WBD) shareholders to reject the proposed Netflix transaction and tender to Paramount’s $30 per share all-cash offer. Paramount says the Netflix deal would deliver cash per share in a range of $21.23 to $27.75 plus uncertain Discovery Global shares, which Paramount highlights as carrying downside risk tied to up to $17 billion of debt. Paramount frames its $30 cash bid as certain, faster to close, and pro-competitive versus regulatory and valuation risks it attributes to the Netflix proposal, and asks shareholders to vote AGAINST the Netflix merger at the special meeting on March 20, 2026 and tender shares to Paramount’s offer.
Warner Bros. Discovery received a final amendment to a tender offer by Prince Sub Inc., a wholly owned subsidiary of Paramount Skydance Corporation, to purchase all outstanding Series A common shares at $30.00 per share.
The amendment (No. 22) supplements the Schedule TO and attaches a shareholder letter dated February 19, 2026, and otherwise incorporates the Offer to Purchase dated December 8, 2025.