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Netflix has officially agreed to pay all cash for Warner Bros. Discovery‘s studios and HBO Max business — a move aimed at thwarting Paramount Skydance’s rival takeover campaign. via: Deadline The new offer still values Warners at $27.75 per share, but it removes the $4.50 Netflix stock element, which was part of the earthshaking agreement revealed last December. Discovery Global, the parent of cable networks CNN, TNT, Food Network and many others, is not part of Netflix’s pro

A Delaware judge on Thursday rejected Paramount Skydance's (PSKY.O), opens new tab bid to speed up its lawsuit demanding that Warner Bros Discovery (WBD.O), opens new tab better explain its decision that Netflix's (NFLX.O), opens new tab proposed $82.7 billion takeover was better than Paramount's own $108.7 billion hostile bid. via: Variety On Thursday, Delaware Chancery Court judge Morgan T. Zurn dismissed Paramount’s motion to expedite the lawsuit against WBD, which seeks d

The ongoing saga between Netflix and Warner Bros. Discovery has taken another turn, with the Wall Street Journal reporting that the streaming giant is preparing an all-cash offer for the media conglomerate. The move is reportedly designed to fend off Paramount Skydance’s hostile bid while also accelerating the timeline toward closing a potential acquisition . via: Deadline The shift would come as Paramount continues to tout its hostile $30-a-share all-cash offer for Warner B

Paramount Skydance on Thursday reiterated that its $108.4 billion bid for Warner Bros Discovery was superior to a rival deal from Netflix, saying the value of the cable spinoff central to the streaming giant's offer was effectively worthless. via: Variety Paramount Skydance‘s David Ellison is still trying to make its case to Warner Bros. Discovery shareholders that it’s the better suitor — after WBD’s board again rejected its latest takeover offer this week. In an announcemen

Once again, Warner Bros. Discovery has chosen Netflix as its preferred suitor over Paramount. via: Variety The song remains the same: Warner Bros. Discovery has turned down the latest acquisition offer by David Ellison’s Paramount Skydance, and WBD’s board is continuing to back the company’s deal with Netflix. On Wednesday, WBD officially responded to Paramount’s latest $30/share all-cash bid for all of Warner Bros. Discovery — its eighth takeover offer to date. Paramount Sky

Exhibitors have been pushing Netflix to make a real commitment to theatrical exhibition, especially as the streamer inches closer to completing its Warner Bros. acquisition, which would come with built-in contractual obligations to filmmakers. via: CBM The news broke late last year that Netflix had officially purchased Warner Bros. as part of a deal said to be valued at $82.7 billion. This was obviously a massively significant development that will alter the face of the entir

Viewers of Netflix's NFL Christmas Day game are accusing country star Lainey Wilson of copying iconic hitmaker Beyoncé's performance from the year prior. via: Daily Mail Lainey Wilson was accused of copying newly anointed billionaire Beyoncé's concept for her Christmas Day halftime show for the NFL game between the Minnesota Vikings and the Detroit Lions on December 25. Many fans claimed the country crooner took inspiration from Beyonce's costuming and concept from the Cowboy

Diddy may be looking to sue Netflix over the inaccurate stories spilled in their docuseries about the disgraced mogul. via: Deadline Sean Combs’ beef with Netflix and 50 Cent over Sean Combs: The Reckoning could add another court date to the All About the Benjamins performer’s already pretty full calendar. Amidst the abundance of sexual assault civil complaints the incarcerated Diddy is currently fighting plus a December 23 filed criminal case appeal, and new prison release d

‘Stranger Things’ All-Time Stats: 1.2 Billion Total Views, Most Rewatched Scenes and $1.4 Billion Contributed to the U.S. Economy via: Variety As “Stranger Things” comes to a close, with the Netflix hit’s series finale set for release on New Year’s Eve, its impact on culture over the last nine years is hard to ignore. The fifth and final season helped the show achieve new viewership records before it was even released, then achieved Netflix’s biggest-ever opening week for an

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.” via: Variety Warner Bros. Discovery’s board has formally said “no thanks” to the $108 billion takeover bid from David Ellison’s Paramount Skydance and unanimously reiterated its support for the Netflix deal. Following WBD’s announcement,

It turns out that Warner Bros. Discovery isn't the only major Hollywood studio that Netflix tried to buy. 2025 is only weeks away from closing out, but one of the biggest stories in the entertainment industry right now is the bidding war for Warner Bros. Discovery, as Paramount and Netflix are attempting to acquire the iconic brand. via: CBM While it will still face competition from Paramount Skydance, Netflix is moving forward with its planned acquisition of Warner Bros. Di

David Ellison, the CEO of Paramount Skydance who has launched a hostile takeover bid for Warner Bros. Discovery, is urging WBD shareholders to tender their shares and “register their view with the WBD board of directors that they prefer the superior Paramount transaction,” the company said. via: CBM Though the deal isn't quite officially official (there are still a few things to iron out), it looks like Netflix will ultimately claim ownership of Warner Bros. Discovery after

“Stranger Things” Season 5 held strong in its second week on Netflix with 23.6 million views to top Netflix’s TV list, but the streamer’s much-discussed Diddy docuseries was close behind the cultural phenomenon. via: Variety It’s “Stranger Things” season at Netflix . Last week, the first four episodes of the sci-fi show’s fifth and final season debuted with 59.6 million views in their first five days of streaming last week. Though viewership decreased to 23.6 million views, i

Netflix dropped a teaser trailer for Avatar: The Last Airbender Season 2, and the Gaang is back! via: Variety Netflix has debuted the first trailer for Season 2, which will release on the streamer in 2026. The live-action series is a faithful adaptation of the popular animated Nickelodeon show from the 2000s. It stars Gordon Cormier as Aang, a 12-year-old boy who can control the four elements of air, water, earth and fire as the all-powerful Avatar. In the first season, he me

The most important statement yet from Sarandos today is that Netflix plans to keep theatrical intact at WB. via: Deadline In the wake of freaking out the industry and theater owners with its winning bid for Warner Bros on Thursday, followed by Paramount’s hostile takeover proposal this morning, Netflix co-CEOs Ted Sarandos and Greg Peters jumped on a Wall Street call again Monday to pour cold water on the fire, specifically as it relates to theatrical. “In this transaction, w

David Ellison is clearly not willing to take the L after losing his bid to land Warner Bros. Discovery. via: Deadline Paramount today announced it has commenced an all-cash tender offer to acquire all of the outstanding shares of Warner Bros. Discovery for $30 per share, an operation it says equates to an enterprise value of $108.4 billion. The aggressive although not wholly unexpected move is an attempt to pry Warner Bros. out of the arms of Netflix. “The Paramount offer for

As Warner Bros. prepares to be absorbed into Netflix in an eighty-two point seven billion dollar deal, the biggest question among comic-book fans and industry watchers is simple: What happens to DC Studios? What happens to James Gunn and Peter Safran? via: CBM The big question on comic book fans' minds regarding Warner Bros. Discovery's sale is: What will happen to DC Studios? There's been a lot of speculation about the future of the company, led by James Gunn and Peter Safra

Netflix has shared an update on subscription prices and the future of HBO Max. via: Deadline Around 24 hours after Netflix came to a $83 billion deal to buy Warner Bros‘ TV and film studios, streamer HBO Max and HBO, the Ted Sarandos and Greg Peters-run streamer has sent a note to its over 82 million U.S. subscribers telling them “nothing is changing.” In fact, in links from a four paragraph email from the “Netflix team,” the phrase “nothing is changing” comes up again and ag

Netflix has entered exclusive talks with Warner Bros. Discovery to acquire the company’s film and television studio, as well as the HBO Max streaming service. via: The Wrap WBD has selected Netflix after the streaming giant offered $30 a share for the studio and streaming assets, according to two people familiar with the deal talks. The deal also includes a $5 billion break-up fee to match the terms that Paramount added with its bid. While its unclear what the makeup of the n

Netflix unveiled the full list of cities and theaters participating in fan screenings of the Season 5 finale of Stranger Things, which has been confirmed to have a runtime of 2 hours and five minutes. via: EW Series creators Matt and Ross Duffer signaled "about two hours" during early press for the fifth and final season of the series, but Netflix confirmed the duration in announcing the 500-plus locations across North America for the episode's theatrical release. Season 5, e