Business
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Warner Bros. Activist Investor Says Paramount Deal Is ‘Win-Win’ for Shareholders and Hollywood
“We’re thrilled to have shined a light on the need for the WBD Board to pursue a larger, more certain deal with Paramount,” Ancora Holdings says
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Equalpride Lays Off Journalists From Legacy LGBTQ Publications Out, The Advocate
“It meant the world to me to be part of a publication that made joy its core ethos,” Rachel Shatto, the former Pride.com editor-in-chief, writes
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Paramount Snatches Warner Bros. From the Jaws of Netflix | Analysis
Paramount capitalized on rising regulatory pressure on Netflix to slip in with its “superior proposal”
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Deals & M&A
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Warner Bros. Discovery CEO Says Paramount Deal Will Create ‘Tremendous Value’ for Shareholders
David Zaslav also thanked Netflix’s Ted Sarandos, Greg Peters and Spencer Neumann for being “extraordinary partners” throughout the sale process
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Paramount’s David Ellison Called to Senate Antitrust Hearing After Netflix Exits WBD Bidding War
The Paramount CEO previously said he’s willing to testify before Congress on the deal
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Netflix Stock Surges Over 9% After Streamer Bows Out of Warner Bros. Race
Shares of Paramount jumped 5.2% in after-hours trading on Thursday, while WBD fell 1.9%
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Warner Bros. Discovery Board Determines Paramount Skydance’s $31 Per Share Offer Is ‘Superior Proposal’ to Netflix Bid
The streaming giant will have four business days to match David Ellison’s latest offer
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Starz Tops 17 Million Subscribers, Driven by ‘Power Book IV: Force’ Season 3 and ‘Spartacus: House of Ashur’
The company added 370,000 streaming subscribers during the fourth quarter, but shed 200,000 linear TV subscribers
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Business
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Senate Sets 2nd Netflix-Warner Bros. Antitrust Hearing
The hearing will examine competition and monopsony concerns around the $83 billion deal
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CNBC Hit by Layoffs in Newsroom Restructure
The cuts will see fewer than a dozen people leave the business network
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Bioworld Ventures Head on Expanding the Brand and Betting on the Right Partners
Office With a View: Matt Alexander, who oversees the company’s investments, talks about how he can help smaller players grow through Bioworld’s infrastructure
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Business
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Dave Franco Sundance Comedy ‘The Shitheads’ Acquired by IFC
O’Shea Jackson Jr., Mason Thames and Kiernan Shipka co-star in Macon Blair’s latest directorial effort
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‘A Knight of the Seven Kingdoms’ Finale Scores Another Series High of 9.5 Million Viewers
The “Game of Thrones” spinoff is averaging over 14 million viewers in the U.S. and 26 million globally
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Business
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Netflix’s Ted Sarandos to Meet With AG Pam Bondi, White House’s Susie Wiles
The meeting comes as the regulator is reviewing the streamer’s $83 billion bid for Warner Bros. Discovery’s studio and streaming assets
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Scripps CEO Adam Symson Extends Contract Through 2029
The extension comes as the company embarks on a transformation plan to generate $125 million to $150 million in EBITDA by 2028
