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“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…
Adrienne O’Hara has been appointed to head communications at Discovery Global. O’Hara takes on the newly created role of EVP, chief communications and public affairs officer for the company as it prepares to become an independent, publicly traded organization following the planned separation from Warner Bros. She takes on the new role Jan. 7 and…
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,…
Jane Fonda put her own spin on Nicole Kidman’s iconic AMC Theatres ad — with a corporate twist. This week, the two-time Oscar winner shared a parody video of the beloved Kidman commercial that celebrates the moviegoing experience, this time spoofing on the Warners Bros. Discovery merger. “Come to this place for mergers. We stream…
Netflix, run by chairman Reed Hastings and co-CEOs Ted Sarandos and Greg Peters, has agreed to buy Warner Bros. in a megadeal valued at $82.7 billion. The companies announced the deal early Friday, altering the course of the entertainment business. Netflix said that it expects to maintain the current operations of Warner Bros. “including theatrical…
In a deal that would dramatically change the entertainment industry, Netflix, led by Ted Sarandos and Greg Peters, is poised to win the battle for Warner Bros. Discovery‘s studios and HBO Max streaming business. Netflix is said to be in exclusive talks with the David Zaslav-led WBD after topping rival bids from Paramount and Comcast….
Thursday is the day when Warner Bros. Discovery will receive formal bids from potential acquirers. One of those bids is all but certain to come from Paramount, which under CEO David Ellison mostly replaced the creative executives running that company in favor of his own team. It’s the sort of news that could consume many…
The battle for Warner Bros. Discovery is officially underway. Offers are being made. Banks have been hired. Who will wind up with the treasure trove of IP, HBO, and abundant cable TV cashflow? Will it sell as one piece? Or will it be broken up into studios and networks? The clock is ticking. Here’s an…
Ever since the media mogul John Malone helped persuade David Zaslav to leave NBC and become the CEO of Discovery Communications, the executive has defined his leadership by dealmaking. He acquired Scripps Networks to try and build a reality-driven entertainment giant, and forged the deal for WarnerMedia over golf emojis with AT&T CEO John Stankey….
Disney, Warner Bros. Discovery and Universal Pictures have sued a Chinese artificial intelligence image and video generator for copyright infringement, opening another front in a high-stakes battle involving the use of movies and TV shows owned by major studios to teach AI systems. The lawsuit, filed on Tuesday in California federal court, accuses MiniMax of…