When it’s all over, the battle for Warner Bros. Discovery, which redoubled on Monday via Paramount’s hostile takeover attempt, will have rewritten Hollywood’s future, determined the fate of one of the planet’s most well-regarded news brands, and potentially dealt a death blow to movie theaters. So the long-term prospects of TNT Sports—the WBD division whose live sports portfolio includes MLB playoffs, the Stanley Cup Final, NASCAR, the French Open, and March Madness, among other rights—hasn’t exactly been front of mind. But whether Netflix or Paramount prevails, Warner Bros. Discovery’s future could present a lose-lose scenario for both TNT Sports and its league partners, according to analysts I spoke with today.