Business
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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
Available to WrapPRO members
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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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Business
Available to WrapPRO members
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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
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‘Five Nights at Freddy’s 2’ Sets Post-Thanksgiving Weekend Record With $63 Million Opening
“Zootopia 2” passes $900 million worldwide while “Wicked: For Good” sinks 73% in its third weekend
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Netflix Assures Subscribers ‘Nothing Is Changing Today’ After Warner Bros. Discovery Deal: ‘We Have More Steps to Complete’
“Both streaming services will continue to operate separately,” the streamer adds
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Jeff Bewkes Walks Back Netflix-Albanian Army Dig After Streamer Wins WBD Bidding War: ‘An Unfortunate Flippant Remark’
“I didn’t want to admit how big a threat Netflix streaming really was,” the former Time Warner CEO says
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International Documentary Association Worries Netflix-WBD Deal Will ‘Profoundly Damage’ Documentarians’ Opportunities
“It will also drastically reduce the range and overall quality of documentaries available to audiences worldwide,” the organization writes
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Warner Bros. Sets Up $38.7 Million in Cash Bonuses to Retain Executives Through Netflix Merger, Discovery Split
Individual award amounts will not exceed 150% of each recipient’s base salary
