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.

The buyout bids set the stage for a significant consolidation in the media industry, and includes prized assets such as HBO, Warner’s film library, and the DC Comics universe.

EXCLUSIVE: Chelsea Peretti (Brooklyn Nine-Nine) is the newest addition to the cast of Cut Off, Jonah Hill’s new comedy for Warner Bros. Pictures, where he stars opposite Kristen Wiig. No word on the role Peretti is playing.

Robert Pietranton, a longtime public relations executive at Warner Bros. Television, has died. Pietranton died Wednesday at his home in Los Angeles at the age of 56.

Warner Bros. Discovery and Singapore’s Infocomm Media Development Authority have launched a partnership to co-develop original unscripted entertainment formats with global appeal. The collaboration launches with a masterclass series Dec.