PARAMOUNT COMMENTS ON WARNER BROS. DISCOVERY BOARD'S DETERMINATION THAT PARAMOUNT PROPOSAL COULD REASONABLY BE EXPECTED TO LEAD TO A SUPERIOR PROPOSAL

LOS ANGELES and NEW YORK, Feb. 24, 2026 /PRNewswire/ — Paramount Skydance Corporation (NASDAQ: PSKY) (“Paramount”) issued the following statement in response to the announcement by Warner Bros. Discovery, Inc. (NASDAQ: WBD) (“WBD”) that WBD’s Board of Directors has determined that…