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A Senate hearing over Paramount‘s blockbuster $111 billion deal to acquire Warner Bros. Discovery will move forward without the sale’s primary player David Ellison. The mogul’s Paramount policy team informed Sen. Cory Booker, the top Democrat on the Senate antitrust subcommittee, that Ellison won’t be able to attend the Washington, D.C. hearing due to an…
Warner Bros. Discovery has scheduled its special meeting of shareholders to vote on the $110 billion mega-deal by Paramount Skydance. The company said early Thursday that the special shareholder meeting will be held on April 23 at 10 a.m. ET. The WBD board said that it unanomously recommends that shareholders vote to approve the Paramount…
Paramount+’s YA drama School Spirits will get to keep haunting the halls of a high school (and beyond). The streamer has renewed School Spirits for a fourth season. The pickup comes about three weeks after season three concluded with a big change for several of its characters. The show centers on Maddie (Peyton List), a…
John Oliver isn’t what you might say thrilled about getting a new “business daddy.” That’s how he’s referred to whatever company happens to own HBO, home of his late-night show Last Week Tonight, over the years, from AT&T to Warner Bros. Discovery. On Sunday’s episode, he referenced last week’s news that Netflix had backed out…
The good news continues for Paramount as Scream 7 blew past all expectations at the weekend box office, where the Spyglass Media pic easily opened to a franchise-best $64.1 million domestically and $33.1 million overseas for a global start of $97.2 million. In North America, it’s the biggest launch ever for a horror title going…
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…
Mary Walsh, a veteran CBS News producer of over four decades, is exiting the company, claiming in an exit memo to staffers that instructions to “aim our reporting at a particular part of the political spectrum” are partly why she’s departing. “We’ve been reading a lot of goodbyes lately and here I am headed out…
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…