Deals & M&A
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Paramount+ Revenue Climbs 17% as Streamer Hits 79 Million Subscribers
But the David Ellison-led media giant posted an overall loss of $573 million in its fourth quarter as the linear TV business continues to decline
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Business
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Netflix’s Ted Sarandos to Visit Trump White House to Discuss Warner Bros. Bid
The meeting, scheduled for Thursday, comes as the president demands the streamer fire board member Susan Rice or “pay the consequences”
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11 State Attorneys General Call on Department of Justice to ‘Thoroughly Scrutinize’ Netflix-Warner Bros. Deal
The group warns that the $83 billion acquisition could result in “undue market concentration that stifles competition” and lead to “higher prices, lower reliability and less innovation”
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Warner Bros. Discovery Says Paramount’s $31 Per Share Offer May Lead to ‘Superior Proposal’
The offer includes a daily ticking fee equal to 25 cents a share per quarter after Sept. 30
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Warner Bros. Discovery Reviewing Paramount’s Latest Revised Bid, Continues to Recommend Netflix Deal
Paramount CEO David Ellison raised his bid for the media giant on Monday after the board asked for his “best and final” offer
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Paramount Gains Momentum in the Warner Bros. Sweepstakes. Can It Capitalize? | Analysis
David Ellison’s latest submission comes as Netflix faces increasing regulatory and political pressure
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Deals & M&A
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Paramount Raises Bid to Buy Warner Bros. Discovery
David Ellison’s tenth proposal comes after the WBD board agreed to reopen talks for seven days on a “best and final” offer
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Ted Sarandos Brushes Off Trump’s Call to Fire Susan Rice From Netflix Board: ‘He Likes to Do a Lot of Things on Social Media’
“This is a business deal. It’s not a political deal,” the streamer’s co-CEO says
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Justice Department Opens Antitrust Investigation Into Netflix’ Bid for Warner Bros. Discovery
The broad query is a routine but significant step as rival bids near a critical point
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California Attorney General Calls for ‘Full and Robust Review’ of Warner Bros. Sale
“We are committed to fighting market consolidation that we find unlawful,” Rob Bonta says
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Sen. Mike Lee Requests Specifics on Netflix-WB Content Licensing, Production and More
Other questions for Ted Sarandos and Bruce Campbell include how YouTube exerts pressure on their pricing
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Paramount Says Warner Bros. Discovery Takeover Bid Has Cleared a US Antitrust Hurdle
The Department of Justice’s Hart-Scott-Rodino (HSR) waiting period expired on Feb. 19 after the agency requested more information about its $108.4 billion tender offer
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James Cameron Warns of ‘Disastrous’ Potential of Netflix-WBD Deal in Fiery Letter to Lawmaker
The “Titanic” director tells Sen. Mike Lee the merger could turn the theater-going experience into a “sinking ship”
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Senate Democrats Press David Ellison to Explain Trump’s Involvement in Paramount-WBD Merger Discussions
A letter from eight senators, including Cory Booker, Chuck Schumer and Elizabeth Warren, says his pattern of evasion “warrants serious scrutiny”
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Ted Sarandos Blames Netflix Stock Decline on WBD Bidding War, Industry Uncertainty and AI
The executive also defended the streamer’s engagement growth and said its $83 billion deal would “future proof” its business model for “decades to come”
