The Netflix and Warner Bros. deal might be great for shareholders, but not for anyone else
Netflix's $82.7 billion acquisition of Warner Bros. is, in many ways, the last thing a weakened Hollywood needs right now. The industry is still recovering from the COVID-19 pandemic, where theaters were forced to close and audiences became even more comfortable with streaming films at home. The WGA and SAG-AFTRA strikes in 2023, which were driven by legitimate concerns around studio interest in generative AI, delayed production and promotion of many film and TV projects. And the rise of streaming content pushed many media companies towards taking on debt and unwise mergers (see: Warner Bros. Discovery), which led to higher subscription costs, layoffs and production belt-tightening.How can a troubled media company survive today? The answer seems to be further consolidation. Amazon [...]
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Paramount makes a $108 billion hostile takeover bid for Warner Bros. Discovery
Paramount has been none too pleased about Netflix striking an $82.7 billion deal to buy much of Warner Bros. Discovery (WBD). Now, Paramount is making a hostile takeover bid for WBD. It's making [...]
David Ellison extends deadline for Warner Bros. Discovery takeover offer
Paramount Skydance CEO David Ellison is apparently still hopeful that investors will approve his $108.4 billion hostile takeover of Warner Bros. Discovery. Paramount Skydance announced Thursday that i [...]
Paramount agrees to buy Warner Bros. Discovery, pays Netflix $2.8 billion for breakup
Paramount Skydance and Warner Bros. Discovery are officially merging. The studio paid Netflix the $2.8 billion termination fee it was owed for breaking its original deal to buy Warner Bros. earlier to [...]
The new Warner Bros. and Discovery Global would like you to forget Warner Bros. Discovery
Earlier this summer Engadget covered the news that Warner Bros. Discovery would split into two giant media companies. Today the conglomerate announced the names for the restructured entities.<br /& [...]
Paramount won't quit, files suit against Warner Bros. Discovery over rejected bid
Paramount Skydance just does not want to take no for an answer. After having multiple bids to acquire Warner Bros. Discovery (WBD) rejected, including a recent hostile bid that the WBD board recommend [...]
Trump says if Netflix buys Warner Bros. its market share 'could be a problem'
After Netflix announced that it was acquiring Warner Bros. Discovery last week, observers immediatley wondered when or if the deal could obtain regulatory approval. Now, President Trump has made comme [...]
Netflix is reportedly in exclusive talks to acquire Warner Bros. and HBO
Netflix is in exclusive talks to acquire Warner Bros. Discovery's film and TV studios and HBO Max streaming service, according to sources from Bloomberg. That suggests Netflix submitted a superio [...]