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The streaming and entertainment industry just witnessed one of its most high-stakes megadeals ever, stunning industry observers. Not only is it historic in its size, but it is also predicted to disrupt Hollywood and the media business as we know it. After years of Warner Bros. Discovery struggling under the weight of billions of dollars…
Netflix stunned the entertainment world this week when it declined to raise its bid for Warner Bros. Discovery, setting the stage for Paramount Skydance to win ownership of the Hollywood studio. At the time, Netflix co-CEOs Ted Sarandos and Greg Peters said they were being financially disciplined. Now reporting in Bloomberg offers more details about…
[This story contains major spoilers from Bridgerton season four, Part 2.] Benedict (Luke Thompson) and Sophie (Yerin Ha) may have finally found their happily ever after in Bridgerton season four, but it wasn’t without plenty of hurdles and setbacks that come with any fairytale story. In Part 2 alone, while also trying to figure out how to…
Sometimes a song captures a mood better than any prose. When David Ellison was revealed as the winner in the two-man bid to be the last king of Hollywood, or at least a key part of its hopefully ongoing legacy, a line came to mind: the title lyric from Fleet Foxes’ 2020 indie-rock power ballad “Can I Believe…
“Paramount Skydance victory in Warner Bros. Discovery bidding war came after failed Netflix exec visit to win over White House” Netflix CEO Ted Sarandos failed Thursday to convince a skeptical Trump administration to approve his proposed takeover of Warner Bros. Discovery – and with that, his nearly done deal to buy WBD’s streaming service and…
In a flurry of hundred-billion-dollar-deal offers, the bidding war for Warner Bros. Discovery is over. David Ellison-owned Paramount will acquire Warner Bros. Discovery. On Thursday, Warner Bros. Discovery announced that Paramount Skydance’s newest offer of $31 a share was a “superior proposal,” giving Netflix four business days to counter. Netflix then said it would not…
In a stunning twist, Netflix is declining to raise its bid for Warner Bros., positioning David Ellison’s Paramount as the winner in the battle for the fabled studio. Netflix co-CEOs Ged Sarandos and Greg Peters released a statement Thursday outlining their decision, namely that the the deal is “no longer financially attractive” and that it…
Warner Bros. Discovery reported its fourth quarter 2025 results on Thursday morning, posting total revenue of $9.46 billion and 131.6 million global streaming subscribers. WBD lost $252 million in Q4; adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $2.216 billion. Overall revenue was down 6 percent from the fourth quarter last year, though…
The U.K. government said on Tuesday that streaming services with more than 500,000 U.K. users, including Netflix, Amazon Prime Video, Disney+, ITV’s ITVX and Channel 4’s services, will be covered by enhanced regulation by U.K. media regulator Ofcom “designed to protect audiences and improve accessibility.” The government unveiled “secondary legislation to implement the Media Act…
President Donald Trump said in a social media post Saturday that Netflix will “pay the consequences” if it doesn’t fire Susan Rice, who has served on the company’s board of directors since 2018. Trump’s comments came after Rice — a former ambassador to the United Nations who held diplomatic and advisory roles in the Obama…