Business
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Netflix Wins the Warner Bros. Discovery Bidding War With $82.7 Billion Offer, Enters Exclusive Deal Talks
The streaming giant has an exclusive window to negotiate a final deal
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WrapPRO
Available to WrapPRO members
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Warner Bros. Discovery Asks for 3rd Round of Bids Due Today
The move comes after Paramount, Netflix and Comcast submitted improved offers on Dec. 1
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Lionsgate Reality TV Exec Craig Piligian to Exit After 10 Years
Lionsgate Alternative TV’s managing director will remain a consultant and EP on several projects after after stepping down at the end of the year
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Versant Acquires FAST Channel Provider Free TV Networks
The Comcast cable and media spinoff now owns Indy Cinema Group, which will be operated by Fandango
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CNBC Strikes Deal With Kalshi for Real-Time Prediction Data
The partnership was announced as part of Versant Investor Day, along with plans for an MS NOW direct-to-consumer launch in Summer 2026
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Fox 2026 Upfront Moves to New York City Center
The media giant’s presentation to Madison Avenue will take place on May 11
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Jeffrey Katzenberg and Hall of Famer Joe Montana Bet on AI in November Venture Investing
The Funding File’s M&A report shows that a Belgian company sees value in U.S. theaters
Available to WrapPRO members
Business
Available to WrapPRO members
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Paramount Raises Warner Bros. Discovery Bid Breakup Fee to $5 Billion
The media giant previously proposed a $2.1 billion breakup fee
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Comcast Board Greenlights Versant Spinoff to Close in January
Versant will trade on the Nasdaq under the ticker symbol VSNT starting Jan. 5
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Netflix to Spin Off ‘Spirit Crossing’ Mobile Game Studio Spry Fox
The move comes after the streamer acquired the game publisher in 2022
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Netflix Shares Dip Amid Prospect It Could Win Warner Bros. Discovery Bidding War
Netflix Chairman and co-founder Reed Hastings also sold $40 million worth of stock this week
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BET President and CEO Scott Mills to Exit After 23 Years
Louis Carr will replace Mills as BET president, while Aisha Summers-Burke will continue to oversee BET Studios as a label under CBS Studios
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Car-Focused Streamer Sets 2026 Launch From Stars of ‘Top Gear USA,’ ‘Gran Turismo’
Driven will debut next year in collaboration with Tanner Foust, Emelia Hartford and producer Michael George
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FCC Asks for Public Input on $6.2 Billion Nexstar-Tegna Merger
Petitions to deny the merger are due Dec. 31, while oppositions to those petitions are due Jan. 15
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Amazon Fire TV’s New Alexa+ Feature Will Let Prime Video Users Skip to Their Favorite Movie Scenes
The new AI-powered feature will expand to TV shows on the streamer at a later date
