Warner Bros. Discovery will honor director Jon Favreau’s enduring Will Ferrell -led holiday film with the first annual celebration of “December the TwELFth.” Released Nov. 7, 2003, the New Line movie also stars James Caan, Zooey Deschanel, Mary Steenburgen, Ed Asner and Bob Newhart.

Earlier mergers, like Disney's 2019 acquisition of Fox, cut the number of films studios released theatrically — a troubling trend for theater owners already coping with consolidation and streaming.

Warner Bros. Discovery and Singapore's IMDA have launched a partnership to co-develop original unscripted entertainment formats with global appeal.

The three bidders for Warner Brothers Discovery Inc. present a host of regulatory concerns that could delay a merger approval for a year or more, according to people familiar with the process.