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Paramount Skydance has sweetened its bid for Warner Bros. Discovery, adding a $2.8 billion “break fee” for Netflix and a payment to shareholders set to increase for every quarter after January 1, 2027 that the transaction does not close.

However, it’s not clear the latest move will do much to sway Warner Bros. Discovery’s board, which has endorsed a rival bid from Netflix.

The David Ellison-led company sent notice Tuesday of its revised offer to the Warner Bros. Discovery board, adding that it was open to further negotiation.

“While we have tried to be as constructive as possible in formulating these solutions, several of these items would benefit from collaborative discussion to finalize,” the letter states. “If granted a short window of engagement, we will work with you to refine these solutions to ensure they address any and all of your concerns.”

Paramount’s all-cash offer still stands at $30 a share. In addition to the termination payment and so-called “ticking fee” for shareholders of 25 cents per share — which the company said would total about $650 million in cash value each quarter — Paramount also said it would “eliminate” Warner’s $1.5 billion financing cost associated with its debt exchange offer.

The company also said it would “provide flexibility” for Warner to refinance its existing $15 billion bridge loan.

Ellison said the new additions to Paramount’s bid “underscore our strong and unwavering commitment to delivering the full value [Warner Bros. Discovery] shareholders deserve for their investment.”

“We are making meaningful enhancements — backing this offer with billions of dollars, providing shareholders with certainty in value, a clear regulatory path, and protection against market volatility,” he said in a statement.

Warner confirmed it received Paramount’s new offer and said in a statement Tuesday that it would “carefully review and consider” the revised bid.

However, the Warner board is “not modifying its recommendation” on its agreement to sell its studios, HBO and HBO Max to Netflix, and advised shareholders not to take “any action at this time” on Paramount’s tender offer to shareholders.

A record fiscal quarter for Walt Disney Co.’s theme parks division was dampened slightly by a streaming aquisition and a protracted fight with YouTube, the Burbank media and entertainment giant reported Monday.

Disney recorded overall revenue of about $26 billion in the three-month period that ended Dec. 27, up 5% compared to the previous year. Disney’s income before income taxes totaled nearly $3.7 billion, a 1% jump from the same time period last year. Earnings per share were $1.34 for the quarter, down from $1.40.

Disney Chief Executive Bob Iger said in a statement that he was “pleased” with the company’s start to the fiscal year and nodded at the transition ahead to a new CEO.

“As we continue to manage our company for the future, I am incredibly proud of all that we’ve accomplished over the past three years,” he said.

It was a big quarter for Disney’s experiences division, which includes its theme parks, cruise line and Aulani resort and spa in Hawaii.

The sector reported $10 billion in revenue, aided by a 1% bump in attendance at its domestic theme parks and higher guest spending. The launch of the new Disney Destiny cruise ship in November also helped boost operating income to $3.3 billion, a 6% boost compared to the previous year.

Disney’s box office success with billion-dollar hits like “Zootopia 2” and “Avatar: Fire and Ash” helped propel revenue for its entertainment division by 7% to $11.6 billion. But costs related to its acquisition of a majority stake in FuboTV, as well as higher marketing costs in theatrical distribution and streaming services affected the sector’s operating income, which declined 35% to $1.1 billion.

The dip in operating income from the entertainment sector took a toll on the company’s total segment operating income, which was down 9% to $4.6 billion. That was also partly due to Disney’s contract dispute last fall with YouTube TV, which lasted for nearly 15 days and resulted in a blackout of Disney channels.

The temporary suspension of Disney channels on YouTube TV took a $110 million toll on operating income within Disney’s sports division, which was down 23% to $191 million. Sports revenue for the quarter totaled $4.9 billion, up 1% compared to the previous year.

New research shows people return to their favourite holiday destination an average of six times

More than a quarter of holidaymakers revisit the same destination every year, or every other year, with a feeling of safety, familiarity, and emotional connection driving the trend, new research reveals. A study of 2,000 adults found that people who enjoy repeat visits return to the same place an average of six times. Nearly one in five (18%) have visited their favourite spot between six and 20 times.

The findings come from the 2026 Trends Report by Neilson Beach Clubs, which has seen a clear rise in repeat bookings, with seven in 10 guests returning year on year to their resorts.

More than half of holidaymakers go back to the same destination because they love what it has to offer, 15% also prefer to stick to what they know.

Meanwhile, 29% feel confident in the location’s safety and another 29% return regularly after developing a strong emotional connection with the place.

David Taylor, CEO for the travel provider, commented on the trend: “We all look forward to our holiday escapes so much that when you’ve found something you love that delivers a great experience, it’s natural to return again with confidence that the holiday won’t disappoint.”

The research suggests the appeal of a familiar destination is even stronger for families. More than a quarter (26%) of all respondents said they often revisit the same place because it is easier to plan, and one in 20 parents admitted that visiting somewhere unfamiliar with children can be stressful.

The study also highlighted a significant shift in holiday habits, with a growing interest in active getaways.

Over half (52%) of those who currently exercise on holiday would consider booking a fitness-focused trip to improve their physical health—a rise from 33% last year.

While 67% still seek a more relaxing vacation, nearly one in four (24%) say a fitness element brings just as much enjoyment.

The desire to disconnect from daily life is a priority, with 67% of respondents saying taking a break from technology is important for them when they are away.

For many, exercise is seen as a way of reducing stress (42%) and helping to rejuvenate the body and mind (37%).

David Taylor added: “We feel that it’s easier to switch off by switching on, if your mind is busy getting your body to do something you love, you can truly switch off mentally.”