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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…
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…
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…
Whether or not Netflix’s $82.6 billion acquisition of Warner Bros. goes through, the deal encapsulates a fraught moment for Hollywood, as the entertainment business is increasingly overshadowed by tech giants. On the latest episode of the Equity podcast, Kirsten Korosec and I discussed the deal’s implications, both for Netflix and the larger Hollywood ecosystem. Kirsten…
Will Netflix’s $82.7 billion deal to acquire Warner Bros. get approval from federal regulators? While Paramount was assumed to be the frontrunner to acquire the storied movie studio thanks to CEO David Ellison’s connections to the Trump administration, new reporting in Bloomberg and The Hollywood Reporter suggests that Netflix co-CEO Ted Sarandos met with President…
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…
A film project centered around NBA superstar Kobe Bryant‘s journey to the Los Angeles Lakers has landed at Warner Bros., The Hollywood Reporter has confirmed. Alex Sohn and Gavin Johannsen penned the spec screenplay for With the 8th Pick, which tracks the high-stakes process that led to Bryant getting drafted into the NBA in 1996….
is undergoing some more changes as it heads into its 32nd season. The syndicated entertainment newsmagazine has parted ways with a number of staffers, The Hollywood Reporter has learned. It’s understood that these layoffs were part of an annual assessment of staff structure and production processes that show brass undertake before the start of each…
Warner Bros. Pictures is hoping to be blessed with a new feature based on A Christmas Carol. Robert Eggers is set to write and direct a movie adapting author Charles Dickens’ classic ghost story set at Christmas. Eggers will produce the project alongside Chris Columbus and Elenor Columbus for Maiden Voyage. The Hollywood Reporter exclusively…