Deals & M&A
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The Resistance Against the Netflix-Warner Bros. Merger Is Taking Root
Unions, trade orgs, and grassroots coalitions are working together to warn regulators of the damage any merger will do to entertainment workers
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Deals & M&A
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Activist Investor Ancora Holdings Builds $200 Million Warner Bros. Stake, Plans to Oppose Netflix Deal
The firm, which has accused the board of not adequately engaging with Paramount, is threatening to launch a proxy fight
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Paramount’s ‘Sweeter’ Bid Isn’t What Warner Bros. Investors Are Looking For | Analysis
David Ellison dresses up his prior bid with some new accoutrements, but the same core offer may disappoint shareholders
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Business
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Warner Bros. Discovery Board to ‘Carefully Review and Consider’ Paramount’s Latest Amended Offer
David Ellison’s new $30-per-share bid includes a 25 cents-per-share ticking fee and a commitment to pay a $2.8 billion termination fee to Netflix
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Fox’s Red Seat Ventures Buys Podcast Creator Subscription Platform Supercast
The company will continue to operate autonomously under its founder and CEO Jason Sew Hoy and accelerate investment in product development, creator growth and team expansion
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Paramount Sweetens Warner Bros. Discovery Bid, Offers to Pay $2.8 Billion Netflix Termination Fee
The company is adding a 25 cent per share ticking fee, which will give shareholders $650 million in cash for every quarter a deal isn’t closed after Dec. 31
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DOJ Investigation of Netflix’s $83 Billion WB Deal Is ‘Totally Ordinary,’ Streamer’s Global Affairs Chief Says
Clete Willems adds that Netflix is engaging with European regulators and state attorneys general
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Trump Gives Thumbs-Up to Nexstar Deal for Tegna, Would Give Broadcaster Cap-Busting 80% of TV Households
“GET THAT DEAL DONE!” the president writes on Truth Social
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Legislators Demand Warner Bros. Deal Provides ‘Concrete’ Commitments to Job Security, LA Production
“Commitments should be accompanied by measurable actions so that California and Hollywood continue to serve as the global center of storytelling,” Adam Schiff and Laura Friedman say
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Warner Bros. CEO Takes Netflix Deal Pitch Directly to European, UK Regulators
In addition to the pending $83 billion deal, topics of discussion included the Discovery Global spinoff, HBO Max’s international expansion and the evolving media ecosystem
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Sony Operating Profit Rises 22% Despite Softer Film Business
Profits were once again driven by its Sony Playstation and camera imaging units
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Business
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Trump Dials Back on Warner Bros.-Netflix Deal Influence: ‘I Shouldn’t Be Involved’
The president’s NBC News comments Wednesday contrast with what he said before the new year
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Netflix-Warner Deal: Producers Guild Urges Senate Committee to ‘Guarantee Meaningful Theatrical Distribution’ in Testimony
“Whoever the buyer is, we need their guarantee to expand not contract our content creation industry,” the union says
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Sen. Hawley Accuses Netflix of Peddling ‘Sexualized’ Children’s Content, Does Not Provide Evidence
The Missouri Republican claimed the streamer promotes a “transgender ideology” without mentioning any specific titles
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Senate Grills Netflix and Warner Bros. Over $83 Billion Deal: Here’s What They Said
During the antitrust hearing, the streamer tried to reframe the competition conversation around pressure from the likes of YouTube
