Interviews with dozens of actors, producers and camera crews reveal an industry attempting to weigh the lesser of two horrible choices.

Streaming giant Netflix appeared to win the bidding war for Warner Bros. Discovery last week, when the two firms announced their merger. Within days, however, Paramount announced its hostile bid, meaning Paramount plans to appeal to Warner Bros. Discover shareholders in an effort to overcome the wishes of management.

Warner Bros. Discovery CEO David Zaslav stands to become a billionaire if WBD completes a sale to either Netflix or Paramount SKydance.

If Warner Bros accepts Paramount's offer, it will have to pay Netflix a $2.8 billion breakup fee. Netflix, on its part, is on the hook for $5.8 billion if its deal falls through. The streaming pioneer is likely to face strong antitrust scrutiny, and Trump has already raised questions about its offer.

Eywa as his witness, James Cameron has pledged to make movies for theaters so that side of the business stays alive.

"Wow. I gotta say, if my company's got that kind of green, I'm sure they can afford to uncancel one of their best shows," the host said.

The M&A saga captivating Hollywood made some dramatic twists. And what’s ailing Campbell’s soup? Plus, why are investors jumpy again about AI? I discuss the biggest stock moves of last week and the news that drove them.