Netflix has shifted to an all-cash offer to acquire Warner Bros. Discovery's film and television studios along with its streaming assets, maintaining its $82.7 billion bid in an effort to thwart Paramount's attempt to acquire the Hollywood giant. According to a regulatory filing on Tuesday, Netflix's new all-cash offer of $27.75 per share has received unanimous support from the board of HBO's parent company. Both Netflix and Paramount's Skydance are vying for the core assets of Warner Bros. (WBD), which include its leading film and television production business, extensive content library, and major intellectual properties such as "Game of Thrones," "Harry Potter," and DC Comics franchises including "Batman" and "Superman." Although Paramount has revised its terms and launched an aggressive media campaign to convince shareholders that its offer is superior, Warner Bros. has still rejected the company led by David Ellison. Netflix co-CEO Ted Sarandos stated in a release, "The revised all-cash agreement will expedite the shareholder voting process and provide greater financial certainty."