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Warner Bros. Discovery Sets April 23 Shareholder Vote on Paramount Deal
Culturemarketwatchvarietyhollywood-reporter+2deadlineseeking-alpha14d ago5 sources

Warner Bros. Discovery Sets April 23 Shareholder Vote on Paramount Deal

Warner Bros. Discovery has scheduled a special shareholder meeting for April 23 to vote on the proposed sale to David Ellison’s Paramount Skydance, a critical step in the acquisition process, with the sale moving full steam ahead.

Citi: Netflix Poised for Price Hikes After Warner Bros. Deal Falls Through
Businesscnbcmarketwatch22d ago2 sources

Citi: Netflix Poised for Price Hikes After Warner Bros. Deal Falls Through

Citi analysts suggest Netflix is in a stronger position to raise subscription prices following the collapse of its potential Warner Bros. Discovery acquisition, freeing it from M&A and regulatory scrutiny. This development opens new opportunities for the streaming platform's stock, according to Citi.

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 […]

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-Skydance to Acquire Warner Bros. Discovery
BusinessAPReutersbloomberg+8wsjFrance 24NHK WorldforbesYahoojerusalem-posttempo-englishvanguard-ng1mo ago11 sources

Paramount-Skydance to Acquire Warner Bros. Discovery

US media giant Paramount-Skydance has announced an agreement to acquire fellow company Warner Bros. Discovery, winning a bidding war against Netflix.

In reversal, Warner Bros. jilts Netflix for Paramount
BusinessNPRvarietyhollywood-reporter+2deadlinechannel-news-asia1mo ago5 sources

In reversal, Warner Bros. jilts Netflix for Paramount

Warner Bros. says Paramount's sweetened bid to buy the whole company is "superior" to an $83 billion deal it struck with Netflix for just its streaming services, studios, and intellectual property.

Netflix Shares Pop More Than 5% As Warner Deliberates Next Steps
Culturevariety1mo ago

Netflix Shares Pop More Than 5% As Warner Deliberates Next Steps

Shares of Netflix rose more than 5% in trading Wednesday in the aftermath of Warner Bros. Discovery revealing it had received what could be a competitive offer for the company from Paramount Skydance that might leave the streaming giant mulling whether to continue its pursuit. Netflix shares stood at $82.23 per share in trading early […]

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...

Warner Bros. Discovery Posts Best-Ever Streaming Numbers for Olympic Winter Games as European Viewers Surge
Culturevariety1mo ago

Warner Bros. Discovery Posts Best-Ever Streaming Numbers for Olympic Winter Games as European Viewers Surge

Warner Bros. Discovery reported record-breaking streaming performance for the Milano-Cortina 2026 Olympic Winter Games, with the company posting triple-digit growth across its HBO Max and Discovery+ platforms compared to the Beijing 2022 Games. The return of the Olympic Winter Games to Europe, combined with what the company described as a highly innovative streaming experience, drove […]

Mark Ruffalo Fires Back at James Cameron After ‘Avatar’ Director Slammed Netflix-Warner Bros. Deal: ‘Are You Also Against the Monopolization That a Paramount Acquisition Would Create?’
Culturevariety1mo ago

Mark Ruffalo Fires Back at James Cameron After ‘Avatar’ Director Slammed Netflix-Warner Bros. Deal: ‘Are You Also Against the Monopolization That a Paramount Acquisition Would Create?’

Mark Ruffalo fired back at James Cameron on Saturday morning after the “Avatar” director wrote in a letter to Senator Mike Lee, chair of the Senate subcommittee on antitrust, that Netflix buying Warner Bros. Discovery would be “disastrous for the theatrical motion picture business.” “So… the next question to Mr Cameron should be this,” Ruffalo […]

Paramount Clears U.S. Antitrust Hurdle In Battle For Warner Bros. Discovery
BusinessFTmarketwatchYahoo+2hollywood-reporterdeadline1mo ago5 sources

Paramount Clears U.S. Antitrust Hurdle In Battle For Warner Bros. Discovery

Paramount has cleared a 10-day waiting period after responding to a second request for information from the DOJ around its unsolicited offer for Warner Bros. Discovery. The company said today that the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Act means “there is no statutory impediment in the U.S. to closing” the acquisition. […]

Ryan Gould Appointed Chairman of OpenAP
Culturevariety20h ago

Ryan Gould Appointed Chairman of OpenAP

Ryan Gould, President of U.S. ad sales for Warner Bros. Discovery, has been named chairman of OpenAP, a consortium focused on interoperable digital ad-buying practices.

Casey Bloys Comments on Paramount-WBD Merger Amid LA County Scrutiny
Culturedeadline15d 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.

What Happens to HBO After Paramount Buys Warner Bros.?
Culturevariety1mo ago

What Happens to HBO After Paramount Buys Warner Bros.?

Like the rest of the town last week, the shock news of Paramount Skydance’s 11th hour successful acquisition of Warner Bros. Discovery stung deep at HBO. According to at least one insider, when word came down on Thursday that Netflix had ended its pursuit of the company, HBO chairman and CEO Casey Bloys walked out […]

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 […]

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...

Paramount to Acquire Warner Bros for $111 Billion
BusinessBusiness Insiderdanas1mo ago2 sources

Paramount to Acquire Warner Bros for $111 Billion

Paramount is reportedly acquiring Warner Bros for $111 billion after Netflix withdrew from the bidding. The potential takeover has raised concerns due to the possible future owners' ties to former US President Donald Trump, which could lead to changes at CNN.

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 […]

HBO Max Continues Rollout With 12 Asia Pacific Launches
Culture1mo ago

HBO Max Continues Rollout With 12 Asia Pacific Launches

HBO Max is continuing its global rollout by debuting in 12 Asia Pacific markets. Warner Bros. Discovery will debut the global streaming service HBO Max on March 26 in Bhutan, Fiji, Kiribati, Maldives, Marshall Islands, Micronesia, Nauru, Niue, Samoa, Tonga, Tuvalu and Vanuatu.  THis comes after HBO Max’s recent launch in Italy and Germany, and ahead of […]

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 […]

Theater Owners Lobby Against Paramount-WBD Merger
Culturedeadline6d 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'.

Rahel Solomon Announces Departure from CNN
Culturevariety17d ago

Rahel Solomon Announces Departure from CNN

Up-and-coming CNN personality Rahel Solomon, who anchored one of the network's early morning programs, has announced her decision to leave the Warner Bros. Discovery-backed outlet.

Beyond David Zaslav, WBD Execs & Financial Advisers Also Poised For 9-Figure Merger Paydays
Culturedeadline24d 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 […]

Paramount Shutting Down Bet+
Culturescreen-rant27d ago

Paramount Shutting Down Bet+

Paramount is officially getting rid of another major streaming service after its acquisition of Warner Bros. Discovery.

Paramount’s $110 Billion Warner Bros Deal Backed by Arab Sovereign Funds Raises Soft Power Concerns
CultureTimes of Indiavariety1mo ago2 sources

Paramount’s $110 Billion Warner Bros Deal Backed by Arab Sovereign Funds Raises Soft Power Concerns

Paramount Skydance’s $110 billion bid for Warner Bros. Discovery is not just a Hollywood deal. Powered by $24 billion from sovereign wealth funds in Saudi Arabia, Qatar and Abu Dhabi, the proposed merger is sparking debate over soft power, influence and media independence at a company that includes CNN and HBO. Saudi Arabia’s Public Investment […]

Warner Bros Discovery Board Calls Paramount’s Proposal “Superior”, Gives Netflix Four Days To Up Its Bid
Culturedeadline1mo ago

Warner Bros Discovery Board Calls Paramount’s Proposal “Superior”, Gives Netflix Four Days To Up Its Bid

Warner Bros. Discovery’s board of directors is opening the door to a bidding war between Paramount and Netflix. The board has officially labeled Paramount’s latest $31-per-share offer a “company superior proposal.” While that does not mean that the board has withdrawn its recommendation of the pending Netflix offer to shareholders, it triggers a four-day period […]

Paramount Submits Revised Bid for Warner Bros. Discovery
CultureNYTcnbcaktualne-cz+7Business InsiderobservadorYahoovarietyhollywood-reporterdeadlineseeking-alpha1mo ago10 sources

Paramount Submits Revised Bid for Warner Bros. Discovery

Warner Bros. Discovery has confirmed receiving a revised, reportedly sweetened, bid from Paramount/Skydance, initiating a new phase in acquisition negotiations.