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“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…
Mark Ruffalo has shared his thoughts on James Cameron‘s letter in opposition to Netflix buying Warner Bros. Discovery, with the filmmaker instead sharing support for Paramount to acquire the company. “So… the next question to Mr Cameron should be this… ‘Are you also against the monopolization that a Paramount acquisition would create? Or is it…
KPop Demon Hunters is unstoppable. Netflix‘s come-from-nowhere global animation phenomenon swept this year’s Annie Awards, the animation honors handed out by the L.A. Branch of the International Animated Film Association, ASIFA-Hollywood, taking 10 prizes, including best feature. The pop musical, directed by Maggie Kang and Chris Appelhans, also won best direction, best music, best writing,…
President Donald Trump publicly encouraged Netflix to fire board member Susan Rice — “or pay the consequences.” “Netflix should fire racist, Trump Deranged Susan Rice, IMMEDIATELY, or pay the consequences,” he wrote on Truth Social Saturday. “She’s got no talent or skills – Purely a political hack! HER POWER IS GONE, AND WILL NEVER BE…
Nicholas Weinstock, the Emmy-nominated producer of Severance, is on board to produce The Black Book 2 – Old Scores, the sequel to Editi Effiong’s 2023 Nigerian revenge thriller that smashed records worldwide. The original Black Book, made for just $1 million, hit no. 3 on Netflix‘s global charts in 2023, ranking in the top 10…