Film Studios
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Netflix Stock Rises Another 10% After Dropping Out of Warner Bros. Bidding War
Shares of Paramount Skydance also jumped another 14% on Friday
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What Paramount’s Winning Warner Bid Means: More Movies, More Debt and a CNN in Question
For months, Hollywood has been transfixed and horrified by the prospect of either Netflix or Paramount winning the day
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Columns
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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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Netflix Bows Out of Warner Bros. Race, Declines to Match Paramount’s Bid
The streamer says a deal is “no longer financially attractive” after Paramount upped its offer to $31 per share
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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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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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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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How Disney’s Villains Land Is Getting Reimagined Under Josh D’Amaro | Exclusive
The Magic Kingdom’s proposed land dedicated to iconic Disney villains is getting a fresh rethink after the success of Universal’s Epic Universe
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Culture
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Warner Bros. Discovery Tops 131 Million Streaming Subscribers Amid M&A Drama
The media giant, pursued by both Netflix and Paramount, saw fourth-quarter results hurt by pay TV subscriber declines and the loss of NBA rights
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Business
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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”
