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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…
Sports took center stage, or should that be: center field, at MIP London on Tuesday in a panel discussion entitled “Sport & Creators: Strategic Priorities Shaping Streaming Platforms.” David Salmon, managing director, international at Fox Corp.’s Tubi, Olivier Jollet executive vp and international general manager at Paramount‘s Pluto TV, Paramount Skydance, and Walker Jacobs, global…
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…
Paramount has upped its offer for Warner Bros. Discovery with a fee for shareholders and a promise to pay a $2.8 billion termination fee. Per a filing Tuesday, Paramount will continue to offer $30 a share to acquire Warner Bros. Discovery, but will now add a $0.25 per share “ticking fee,” which it will pay…
Paramount is keeping May spooky, and will release the next Paranormal Activity movie on May 21, 2027. The untitled feature is produced by franchise newcomer James Wan and directed by Ian Tuason, with plot details kept under wraps. This will be the eighth film in the franchise that began life with Oren Peli’s ultra low-budget,…
“Warner Bros. Discovery to review Larry Ellison’s offer to guarantee Paramount Skydance’s $78B takeover bid: sources” Warner Bros. Discovery’s board will review an offer from tech tycoon Larry Ellison to personally guarantee Paramount Skydance’s $78 billion hostile takeover bid – adding a fresh twist to a bidding war that has most recently favored Netflix, On…
The board of Warner Bros. Discovery officially rejected David Ellison‘s $30 per share hostile bid for the company, telling shareholders that it remains “inferior” to the Netflix deal, and carries “numerous significant risks and costs on WBD.” With the rejection official, Paramount will need to persuade WBD shareholders to tender their shares at that price,…