PERSPECTA

News from every angle

Results for "WBD"

116 stories found

Theater Owners Lobby Against Paramount-WBD Merger
Culturedeadline4d ago

Theater Owners Lobby Against Paramount-WBD Merger

Cinema United, representing movie theater owners, has escalated its opposition to the proposed Paramount-Warner Bros. Discovery merger by appealing to Attorneys General Associations, citing concerns for 'Main Street America'.

Paramount Brushes Off Predicted $1.5B “Frivolous Lawsuit” Against Ellisons, Jeff Shell & Execs; Latest Filing Alleges Trump Quid Pro Quo In WBD Deal + More
Culturedeadline21d ago

Paramount Brushes Off Predicted $1.5B “Frivolous Lawsuit” Against Ellisons, Jeff Shell & Execs; Latest Filing Alleges Trump Quid Pro Quo In WBD Deal + More

An annoying thing happened to David Ellison and Paramount today on the way to taking over Warner Bros Discovery — he got sued for $1.5 billion over a beef a self-declared confidant of Jeff Shell’s has with the Paramount president. As exclusively reported by Deadline on March 16, the wide ranging lawsuit against the CEO, […]

Creating a New Media Empire
Businessdelo1mo ago

Creating a New Media Empire

Behind the mega-acquisition of WBD are two key driving forces: the money generated by tech veteran Larry Ellison and the ambitious vision of his son David.

“Not A Done Deal”: California AG Warns Paramount + WBD Merger Far From Certain
Culturedeadline1mo ago

“Not A Done Deal”: California AG Warns Paramount + WBD Merger Far From Certain

The champagne corks may be popping right now at Paramount over the David Ellison-owned company’s successful bid for Warner Bros Discovery, but up in Sacramento the mood is far from celebratory  over the latest possible Hollywood mega-merger. “Paramount/Warner Bros is not a done deal,” California Attorney General Rob Bonta told Deadline this evening after Netflix […]

Netflix backs away from its offer to buy Warner Bros Discovery
BusinessReutersle-mondenos+6fazSCMPBusiness Insiderla-vanguardiaindian-expressjerusalem-post1mo ago9 sources

Netflix backs away from its offer to buy Warner Bros Discovery

Netflix stated that a previous offer to buy Warner Bros Discovery's streaming and studio assets was no longer financially attracted after Paramount Skydance revised its offer.

Paramount Welcomes WBD Talks, Details New Elements Of Sweetened $31 A Share Offer
Culturedeadline1mo ago

Paramount Welcomes WBD Talks, Details New Elements Of Sweetened $31 A Share Offer

Paramount Tuesday evening said it “welcomed” the determination of the Warner Bros. Discovery board that its latest offer could potentially prove a winner and provided a bit more detail on the sweetened terms. WBD’s Board of Directors announced earlier that Paramount’s revised $31 per share, all-cash offer to acquire WBD could reasonably be expected to […]

Beyond David Zaslav, WBD Execs & Financial Advisers Also Poised For 9-Figure Merger Paydays
Culturedeadline22d ago

Beyond David Zaslav, WBD Execs & Financial Advisers Also Poised For 9-Figure Merger Paydays

While David Zaslav has stolen most of the headlines for his personal financial gains from the Warner Bros. Discovery-Paramount merger, several other rich payouts are in the offing. The same SEC filing that laid out Zaslav’s expected $886.8 million in merger-related compensation Monday also included some eye-popping figures for other principals. Most of the loot […]

YouTube Becomes World's Largest Media Company by Revenue
BusinessmarketwatchBusiness Insider28d ago2 sources

YouTube Becomes World's Largest Media Company by Revenue

A MoffettNathanson report indicates that YouTube's advertising revenue has surpassed that of its four largest traditional media competitors combined, positioning it as the world's largest media company by revenue.

David Zaslav Sells $114 Million Worth of Warner Bros. Discovery Stock
Culturevarietyhollywood-reporter1mo ago2 sources

David Zaslav Sells $114 Million Worth of Warner Bros. Discovery Stock

David Zaslav, president and CEO of Warner Bros. Discovery, filed to sell just over $114 million worth of stock in the company. His planned sale of the shares comes less than a week after WBD clinched a deal to sell itself to Paramount Skydance for $31 per share, after Netflix walked away from its deal […]

Culturehollywood-reporterdeadline1mo ago2 sources

Netflix Banks A Quick $2.8 Billion As Paramount Pays WBD Termination Fee; Streamer’s Shares Rise Another 14%

Things in media M&A land continue to move fast with Netflix revealing this afternoon that it is $2.8 billion richer after receiving the fresh cash from Paramount. The David Ellison company’s Superior Proposal for Warner Bros. Discovery, which was accepted by the WBD board, included paying out the termination fee if WBD walked away from […]

David Ellison's Paramount has some breathing room in its quest to buy WBD despite a pressing deadline
Businessberlingskele-figaromarketwatch+3Business Insiderchannel-news-asiamyjoyonline1mo ago6 sources

David Ellison's Paramount has some breathing room in its quest to buy WBD despite a pressing deadline

Paramount Skydance CEO David Ellison has had his sights on Warner Bros. Discovery for months. Gilbert Flores/Variety via Getty Images; Mario Tama/Getty Images Paramount Skydance is coming up against a key deadline in its pursuit of Warner Bros. Discovery. David Ellison's media company doesn't need to raise its bid just yet, however. The crucial WBD shareholder vote isn't until March 20, giving the Ellisons extra time if they need. Paramount Skydance is staring down a key deadline in its pur...

Netflix Officially Under DOJ Antitrust Scrutiny “To Create A Monopoly” With Warner Bros Merger; Feds Want Details From Producers & Filmmakers On Streamer’s Leverage
Business1mo ago

Netflix Officially Under DOJ Antitrust Scrutiny “To Create A Monopoly” With Warner Bros Merger; Feds Want Details From Producers & Filmmakers On Streamer’s Leverage

After months of jabs and feints, the white gloves may have truly come off in Netflix and Paramount’s multibillion-dollar battle for control of Warner Bros. Discovery. With just 24 hours left to go on the WBD board’s weeklong talks with the David Ellison-owned company and its “best and final offer” in the $108 billion hostile […]

Casey Bloys Comments on Paramount-WBD Merger Amid LA County Scrutiny
Culturedeadline13d ago

Casey Bloys Comments on Paramount-WBD Merger Amid LA County Scrutiny

The Los Angeles County Board of Supervisors has ordered an analysis of the proposed Paramount-Warner Bros. Discovery merger, including its impact on the entertainment industry workforce. HBO's Casey Bloys has also commented on the pivotal moment in entertainment history, acknowledging the ongoing developments with the merger.

Netflix is getting a bunch of cash from its broken WBD deal. We've got some ideas on what it can do with it.
BusinessBusiness Insider1mo ago

Netflix is getting a bunch of cash from its broken WBD deal. We've got some ideas on what it can do with it.

Netflix co-CEO Ted Sarandos has spent years people should be able to see big movies at home, without going to theaters. Now he's changing his tune. Rich Polk/2026GG/Penske Media via Getty Images This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Paramount is setting the stage. David Ellison has turned Paramount from an aging legacy media brand into arguably the biggest threat to streaming juggernaut Netflix i...

David Ellison Says WBD Merger Will Enable Paramount To Challenge Netflix In Streaming
Culturedeadline1mo ago

David Ellison Says WBD Merger Will Enable Paramount To Challenge Netflix In Streaming

Paramount CEO David Ellison says the company’s pending merger with Warner Bros. Discovery will give it the scale it needs to compete with Netflix. “We will combine the streaming portfolios of the two companies into one stronger platform over the coming years,” Ellison told Wall Street analysts Monday on a conference call to discuss the […]

Paramount's WBD takeover 'is not a done deal,' says California's attorney general
BusinessrzeczpospolitaBusiness Insiderdigi241mo ago3 sources

Paramount's WBD takeover 'is not a done deal,' says California's attorney general

California attorney general says, not so fast to Paramount Warner Bros. merger Christina House/Los Angeles Times via Getty Images California's attorney general is investigating Paramount's Warner Bros. merger, citing antitrust issues. California Attorney General Rob Bonta said the merger had not "cleared regulatory scrutiny." Netflix walked away from its bid for Warner Bros. on Thursday. Netflix dropped its bid for Warner Bros. Discovery, clearing a path for Paramount Skydance. But Californ...

What leading voices in media are saying about Anderson Cooper's '60 Minutes' exit
CultureBusiness Insider1mo ago

What leading voices in media are saying about Anderson Cooper's '60 Minutes' exit

Anderson Cooper said he's leaving CBS News to spend more time with his family. Scott Kowalchyk/CBS via Getty Images Anderson Cooper said Monday he was exiting CBS News' "60 Minutes" after nearly 20 years. It comes at a turbulent time for CBS News under its new editor in chief, Bari Weiss. Some media commentators said Cooper's exit will add to the uncertainty surrounding '60 Minutes.' Veteran broadcaster Anderson Cooper said Monday that he is leaving his role as a correspondent on CBS News' "60 Minutes" after nearly 20 years. In a statement, Cooper said he intended to spend more time focusing on his CNN gig, and his family. His exit comes at an already turbulent time for CBS News under its new editor in chief, Bari Weiss. Here are what some of the leading voices in media are saying about Cooper's "60 Minutes" departure. Keith Olbermann Chris Sorensen for The Washington Post via Getty Images Sports broadcaster Keith Olbermann shared the news about Cooper's departure on his Bluesky account, posting: "Anderson Cooper has left the sinking ship that is Idiot Bari Weiss's New Stormfront CBS." Olbermann later added, "Now, people will only be able to NOT watch AC on cnn." Cooper has worked at CNN since 2001, where he is a political commentator and hosts the "Anderson Cooper 360" show. Brian Lowry FilmMagic/FilmMagic for HBO Brian Lowry, a longtime media columnist and current Hollywood correspondent at Status News, a media newsletter, wrote on X: "Have worked around Hollywood long enough to know nobody ever really leaves a job to spend more time with their family." Tom Jones Tom Jones, senior media writer at The Poynter Report, wrote in his newsletter that Cooper's departure marked "the end of a journalism era." Jones said that Cooper's exit "certainly adds more uncertainty in a news division that is very much in flux under relatively new editor-in-chief Bari Weiss." He added: "It also raises questions about '60 Minutes,' the previous gold standard of TV news shows." Lydia Polgreen Ilya S. Savenok/Getty Images for Audible Lydia Polgreen, a New York Times opinion writer and the former editor in chief of HuffPost, posted to X on Tuesday: "I don't watch much TV news, but @andersoncooper is in a league of his own as a television journalist. A huge loss for 60 Minutes." Brian Stelter Dimitrios Kambouris/Getty Images for CNN/WBD CNN's chief media analyst, Brian Stelter, wrote in his "Reliable Sources" newsletter Tuesday that there are open questions about which other correspondents might leave, "and on what terms." "The risk is obvious: Loyal '60 Minutes' viewers will leave along with the correspondents they like to watch," Stelter said. Read the original article on Business Insider

Warner Bros Discovery weighs new sale talks after fresh Paramount offer
BusinessThe Guardian1mo ago

Warner Bros Discovery weighs new sale talks after fresh Paramount offer

Board considering whether to re-engage in move that could prompt a second bidding war with Netflix Business live – latest updates Warner Bros Discovery (WBD) is reportedly weighing reopening sales talks with Paramount Skydance, in a move that could spark a fresh bidding war with Netflix for the Hollywood film and TV company. Members of the board of WBD are discussing whether to re-engage with Paramount, which is pursuing a hostile $108.4bn (£76.8bn) cash takeover directly with shareholders in a bid to derail an agreed deal with Netflix, according to Bloomberg. Continue reading...