Trump says he will stay out of Netflix-Paramount fight over Warner Bros Source link
When Bob Iger was promoted to chief executive officer of Walt Disney Co in 2005, he took over a company that was an undeniable force in entertainment and theme parks, but badly in need of rejuvenation. In one of his first moves, Iger made Disney shows like Lost and Desperate Housewives available for sale on […]
Netflix Inc. reached an amended, all-cash deal to buy Warner Bros. Discovery Inc.’s studio and streaming business as it battles Paramount Skydance Corp. to acquire one of Hollywood’s most iconic entertainment companies. The Netflix-Warner Bros deal would marry two of the largest streaming providers (Netflix + HBO) with some 450 million combined subscribers. (Reuters) Netflix, […]
Warner Bros. Discovery Inc. is expected to Paramount Skydance’s hostile bid despite a $40-billion personal guarantee from billionaire Larry Ellison, CNBC reported on Tuesday. One major sticking point is Warner Bros.’ concern about financing proposed by Paramount, which is led by billionaire Larry Ellison’s son David Ellison. (Bloomberg) The decision could keep Warner Bros on […]
Netflix Inc. has refinanced part of a $59 billion bridge loan to support its potential acquisition of Warner Bros. Discovery Inc. While Netflix has the support of Warner Bros.’ board, it faces regulatory and political hurdles to get the acquisition over the line. (Reuters) The streaming giant secured a $5 billion revolving credit facility and […]
Warner Bros. Discovery Inc. is planning to reject Paramount Skydance Corp.’s hostile takeover bid due to concerns about financing and other terms, people familiar with the matter said. One major sticking point is Warner Bros.’ concern about financing proposed by Paramount, which is led by billionaire Larry Ellison’s son David Ellison. (Bloomberg) After deliberating and […]
Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant. Entertainment giant Paramount, now renamed Paramount Skydance, is attempting a hostile takeover bid for Warner Bros. Discovery worth $108.4 […]
Netflix, the company that taught us how to binge-watch, is buying Warner Bros. in a $72 billion marriage of the world’s largest streamer and one of the most storied film and television shops. Representational image. The deal—which is expected to close after Warner Bros. Discovery splits its cable networks from its studios and HBO Max […]
Netflix Inc. agreed to buy Warner Bros. Discovery Inc. in a historic combination, joining the world’s dominant paid streaming service with one of Hollywood’s oldest and most revered studios. The Warner Bros. acquisition marks an dramatic strategic shift for Netflix, which has never made a deal of this scope. (Reuters) Under the deal announced Friday, […]
Netflix has sweetened its offer for Warner Bros. Discovery in a second round of bids as it tries to outdo rival Paramount. Warner Bros. Studios The streamer on Monday made a primarily cash-based second offer for the entertainment and streaming assets of Warner Discovery and is working to secure tens of billions in financing to […]