Weeks after negotiations between Skydance and Paramount’s parent company, National Amusements, ended without a deal, the New York Times reports not only have they restarted, but “the two sides have reached a preliminary deal to create a new Hollywood giant.”

This follows a report from CNBC that Warner Bros. Discovery or Comcast could also be interested and Bloomberg saying Paramount might sell BET for $1.6 billion.

Updated: Added new reporting of a preliminary deal.