Business
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Elizabeth Warren Slams Paramount-WBD Bid: ‘A Trap to Set Higher Prices’
“We have antitrust laws to put a stop to this kind of concentration. It is time we all sound the alarm bells and enforce the laws,” the senator says
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Imax’s Record Q3 Box Office Brings $106.7 Million in Revenue, Fueled by ‘F1’ and ‘Demon Slayer’
The quarter brought $368 million in global box office grosses for the premium format
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Movies
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Amazon and Apple Have Expressed Interest in Warner Bros. Discovery | Report
This comes as WBD is set to share its financial data with bidders
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Paramount Offered David Zaslav Co-CEO and Co-Chairman Title in Bid for Warner Bros. Discovery
The latter’s board has rejected three separate bids ranging from $19 to $23.50 per share, according to the New York Times
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Disney Sets 2026 Upfront Amid Sports, Streaming Ad Sales Momentum
The media giant’s presentation to Madison Avenue returns to New York City’s North Javits Center on May 12
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Versant Taps Paramount’s Amanda Cary, NBC Sports’ Jamie Palatini to Lead Entertainment and Sports Communications
The pair will oversee the communications teams for USA Network, Oxygen, E!, SYFY, Fandango, Rotten Tomatoes, Golf Channel, GolfNow, GolfPass and SportsEngine
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Warner Bros. Discovery Rejected 3 Different Paramount Takeover Bids
The latest offer came in at nearly $24 per share, according to CNBC
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Wall Street Remains Bullish on Netflix Stock Despite Shares Tumbling 8% on Q3 Earnings Miss
“This past quarter’s results did deliver a headline miss; however, the underlying fundamentals are very much intact,” Deutsche Bank analysts say
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The M&A Curse of Warner Bros. Discovery | Analysis
WBD is officially in play. Can CEO David Zaslav do right by his shareholders after three-plus years of holding a declining stock?
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Business
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‘KPop Demon Hunters’ Phenom Won’t Change Netflix’s Theatrical Strategy, Ted Sarandos Says
The co-CEO notes their streaming-first priority, and sees the success of the animated hit as validation of that approach
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Nexstar Accused of Using Customer Blackout as ‘Deal Leverage’ Ahead of Verizon Contract Deadline
“They are more interested in extracting huge profits from pay-TV consumers than giving people the programming they’re already paying for,” the American Television Alliance says
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Netflix’s Ted Sarandos: ‘We Will Be Choosy’ With M&A Amid Warner Bros. Sale Talks
But the co-CEO maintains the streamer has no interest in acquiring legacy media networks
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Netflix Q3 Revenue Climbs 17.2% to $11.5 Billion, Driven by Pricing, Subscriber and Ad Revenue Growth
The streamer’s shares fell over 6% after missing Wall Street earnings expectations due to an unusual tax dispute
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Warner Bros. Discovery Stock Soars Over 9% as Company Launches Strategic Review
The company says it is fielding “unsolicited interest” from “multiple parties” for all or part of its business
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Warner Bros. Discovery Has Received Interest From ‘Multiple Parties’ for Both the Company and WB
The Board of Directors’ review comes after WBD deflected Paramount Skydance’s initial takeover approach earlier this month
