"We continue to recommend and remain fully committed to our transaction with Netflix," Warner Bros Chairman Samuel DiPiazza Jr. and CEO David Zaslav said.

Warner Bros. board members are weighing whether Paramount's sweetened bid may result in a better deal or prompt Netflix to up its offer, Bloomberg reports.

"We continue to recommend and remain fully committed to our transaction with Netflix," Warner Bros Chairman Samuel DiPiazza Jr. and CEO David Zaslav said.