Deals & M&A
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How the Streamers Stack Up in Subscribers, Revenue and Profits | Analysis
Paramount won the Warner Bros. Discovery bidding war, making it a formidable competitor with over 200 million subscribers, but it’s still not enough to topple streaming king Netflix
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Streaming
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Netflix’s Trump White House Meeting Was Canceled Hours Before Streamer Dropped Out of Warner Bros. Race
Co-CEO Ted Sarandos was in Washington, D.C. last week to meet with the administration about Netflix’s bid for Warner Bros.
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David Zaslav Sells $114 Million in Warner Bros. Discovery Stock
The sale comes as the media giant is slated to merge with Paramount Skydance in a $110 billion deal
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News Corp, Meta Strike AI Content Licensing Deal
The deal would see the tech giant pay the Wall Street Journal publisher for its U.S. and U.K. content
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Banijay, RedBird IMI’s All3Media to Merge TV Production Businesses
The deal, which will see each company hold a 50% stake in the combined entity, is expected to close by the fall
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Fixated Acquires Creator Monetization Company Elevate | Exclusive
This comes after the creator management company secured a $50 million investment, partially for M&A initiatives
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Paramount Downgraded to Junk Status by Fitch, Put on Negative Credit Watch Over $110 Billion Warner Bros. Deal
S&P is also keeping the David Ellison-led media giant on a negative credit watch as both firms warn of “materially elevated leverage” at the combined entity upon closing
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Hollywood Filmmakers Fearful as Paramount Wins Warner Bros: ‘Different Bidder, Same Anxiety’
Silver linings were few and far between for filmmakers, staffers and theater owners who spoke to TheWrap
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Deals & M&A
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Versant Profits Slide 32% to $930 Million in 2025
Revenue tumbled 5.3% to $6.7 billion on lower linear distribution, advertising and content licensing
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Business
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Democratic Lawmakers Demand Answers From Trump White House, AG Pam Bondi After Ted Sarandos’ Netflix-WBD Deal Meeting
Elizabeth Warren, Richard Blumenthal and Sam Liccardo are investigating whether the Trump administration pressured the streamer to abandon its $83 billion deal
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Fox’s Lachlan Murdoch Expects Regulators to Put Conditions on Paramount-WBD Merger
The chief executive added that he anticipates CNN under David Ellison will remain a “strong competitor” to Fox News
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Paramount Will Combine HBO Max and Paramount+, Won’t Sell or Spin Off Cable Assets
CEO David Ellison added that HBO would continue tohave “the resources and independence to do what it does best”
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Paramount Beat Netflix for WBD, but the Regulatory Fight Isn’t Over | Analysis
In addition to needing to win over regulators at home and abroad, the $110 billion deal may face a legal challenge from state attorneys general
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Deals & M&A
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SAG-AFTRA Chief Says Union Will Render Verdict on Warner Bros. Sale to Paramount ‘When the Time Is Right’ | Video
Duncan Crabtree-Ireland also says “we stand in full unity” with striking WGA
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Ted Sarandos Says Netflix Lost Warner Bros. Bid to ‘Irrational’ Paramount Offer: ‘Maybe It’s to Our Advantage
The Netflix CEO also strongly denies that Trump would have had any influence: “Very clear from our first discussion that he never intended that”
