(251217) -- LOS ANGELES, Dec. 17, 2025 (Xinhua) -- This photo shows a view at Warner Bros. studio in Burbank, Los Angeles County, California, the United States, on Dec. 17, 2025. The board of Warner Bros. Discovery (WBD), a leading global media and entertainment company, on Wednesday recommended that shareholders reject Paramount Skydance's 108.4-billion-U.S.-dollar tender offer and reiterated its support for the Netflix combination. (Photo by Zeng Hui/Xinhua)