Business
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Chasing WBD: Paramount vs. Netflix Pros and Cons | Analysis
Paramount’s hostile bid puts its offer against Netflix public, but which company has the sweeter deal?
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David Ellison Says Paramount-WBD Deal Would ‘Strengthen the Entertainment Industry as a Whole’ in Leaked Staff Memo
The CEO writes that his $30-a-share hostile bid is superior to Netflix’s “across every dimension”
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Paramount’s Warner Bros. Discovery Pursuit Follows Shaky History for Hostile Bids
But Warner Bros. Discovery does not have a “poison pill” defense plan that has been used effectively to discourage hostile offers
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Business
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Trump Calls ABC News’ Rachel Scott the ‘Most Obnoxious Reporter’ in Latest Attack on Female Journalists | Video
“This is ABC Fake News,” the president says before berating the reporter for asking about footage of Venezuela boat strikes
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CAA’s Trevor Astbury and Matt Martin Jump to WME as Senior Partners
“Trevor and Matt are exceptional agents who couldn’t be a better fit as we build WME for the future,” WME Group Co-Chairman Richard Weitz says
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Netflix Co-CEOs Say Paramount-Warner Bros. Deal Will Lead to Job Losses: ‘We’re Not Cutting Jobs’
“We’re making jobs,” Ted Sarandos tells a UBS investor conference on Monday
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Elizabeth Warren Condemns Paramount’s Hostile WBD Bid: ‘Backed by Who’s Who of Trump Buddies’
The senator says Paramount’s relationship with the president raises “serious questions about influence-peddling, political favoritism and national security risks”
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Warner Bros. Discovery Board to ‘Carefully Review and Consider’ Paramount Takeover Bid
“The Board is not modifying its recommendation with respect to the agreement with Netflix,” the media giant adds in a Monday statement
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Paramount Says Netflix-Warner Bros. Deal Would ‘Solidify Streaming Domination,’ Threaten the Future of Theatrical Releases
Executives added that the $82.7 billion deal would “undermine creative talent” and “threaten higher prices for consumers”
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Comcast President Says Company Is Better for Exploring Warner Bros. Discovery Bid Despite Low Likelihood of Success
While acknowledging the deal would’ve been an “interesting play” for global streaming scale at Peacock, Mike Cavanagh said the company has a “damn good hand” already
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Trump Attacks ‘60 Minutes’ and Paramount Over MTG Interview Minutes After Hostile Takeover Announced
Paramount on Monday announced a public bid for Warner Bros. Discovery at $30 a share
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Netflix’s Warner Bros. Deal Doesn’t Get CNN Out of ‘Purgatory’
Even as CEO Mark Thompson spoke positively about increased investment in CNN as it spins out next year with Discovery Global, the specter of another shakeup remains
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Business
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Hollywood Residuals, Back End Deals Face Extinction as Netflix Eats Warner Bros. | Analysis
Netflix’s dominance could further accelerate the industry’s move away from residuals, the lifeblood of many producers, actors and filmmakers
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Paramount Goes Hostile, Launches $30 Per Share Bid for Warner Bros. Discovery in Attempt to Thwart Netflix
The all-cash tender offer will go directly to shareholders
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Netflix CEO Ted Sarandos Met With Donald Trump Ahead of Warner Bros. Takeover Bid
According to multiple reports, the pair began building a rapport in December 2024