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Word on the street is that Paramount's bid for Warner Bros. Discovery (WBD) was rejected primarily because the WBD board favored Netflix's competing offer, but Paramount's funding from Middle Eastern sovereign wealth funds (Saudi, Abu Dhabi, Qatar) and Jared Kushner's firm raised significant national security concerns for U.S. lawmakers, potentially delaying or blocking the deal, which Paramount tried to mitigate by agreeing to forgo governance rights from those investors. WB

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

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

Tom Cruise is no stranger for fighting for his films, and in a recent report, it was revealed that Cruise and Paramount Skydance CEO David Ellison clashed over the budget of Mission: Impossible. via: CBM The Mission: Impossible movies are known for their larger-than-life action sequence and big budgets. The franchise experienced a considerable popularity boost in the early 2010s, but it no longer appears to be the audience draw it once was, with its last two installments stru

As the bidding war over Warner Bros. Discovery is heating up, Paramount Skydance is accusing the company of orchestrating an unfair bidding process that favors Netflix. via: World of Reel First, Fox Business’ Charles Gasparino reports  that Trump’s DOJ antitrust chief is preparing to launch a “sweeping multi-year investigation” into Netflix’s dominance and alleged monopoly over streaming. Officials appear to be “unmoved” by Netflix’s insistence that its recent lobbying effort

Jon M. Chu is taking his talents to Paramount Skydance. The “Wicked” director has inked a multi-year first-look film and TV deal with the David Ellison-led studio. via: The Wrap Chu previously had a deal at Warner Bros. Discovery. He is currently co-directing a feature film adaptation of Dr. Seuss’s “Oh the Places You’ll Go” for Warner Bros. Pictures Animation and is in development on the “Crazy Rich Asians” stage production with Warner Bros Theatre Ventures. The new pact wil

Paramount Skydance is reportedly preparing a bid to acquire Warner Bros Discovery. via: Variety The second round of offers for all or part of Warner Bros. Discovery are in from Paramount Skydance , Netflix and Comcast . And the new, higher offer for all of WBD from David Ellison’s Paramount is backed in part by the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi, sources tell Variety . The dollar amounts of the higher bids submitted Dec. 1 from Paramount Skydanc

Warner Bros. Discovery has asked bidders to submit a sweetened second round of offers by Monday, Dec. 1 . via: Variety News of Warner Bros. Discovery’s deadline for the second round of bidding was first reported by Bloomberg News. Following the submission of the new bids, the company “may enter a period of exclusive negotiations with one of the companies,” per Bloomberg’s report. The first-round offers for WBD were submitted last Thursday, Nov. 20, from Paramount Skydance, Co

Warner Bros. Discovery is about to dive into the nitty-gritty work of deciding whether to sell itself — in whole or in part. via: Deadline Multiple sources confirmed the bidding to Deadline, with the word coming as a deadline for non-binding bids arrived on Thursday. There will be another round, after the particulars are hashed out, when bidders will be asked if they want to submit final, binding offers. While it comes as little surprise, the chase for WBD promises to remake

Paramount-Skydance chief David Ellison isn’t afraid to get in the ring. via: CBR Paramount has been in the headlines over the past few months due to its heavy push to acquire Warner Bros. Discovery, as well as its ambitious expansion plans following its merger with Skydance. From this, a lot of reported information has come out about the company. A recent report from Variety detailing Paramount CEO David Ellison's first 100 days at the company has provided considerable insigh

Apparently, Paramount has a blacklist, and stars who have been vocal or stood in support of Palestine are on it. According to a report by Variety, the juggernaut studio responsible for movies like Top Gun has a “list of talent it will not work with“. via: World of Reel It sure looks like the likes of Javier Bardem, Joaquin Phoenix, Emma Stone, and Mark Ruffalo won’t be making movies for Paramount in the foreseeable future. Under the newly appointed head honcho David Ellison,

Whether it is Paramount, Netflix or Comcast, Warner Bros.’ prospective acquisition by another major Hollywood studio represents a “red alert” crisis for already-struggling movie theaters that could lead to antitrust legal action or protest from global exhibitors who would suffer from fewer movies in theaters, they told TheWrap. via: CBM Another interesting development has come up regarding the sale of Warner Bros. Discovery. Paramount has been the top candidate to acquire the

Donald Trump‘s wide-ranging 60 Minutes interview did not include one moment, when he praised the new owners of CBS-parent Paramount and the “great new leader” put in charge of the news division, Bari Weiss. via: EW Trump is very happy about his $16 million settlement from CBS — a feeling he went on 60 Minutes to share. The 45th and now 47th president of the United States sat down on Sunday for a sweeping interview with journalist Norah O'Donnell on 60 Minutes, the very same p

Here we go again? via: Deadline The just merged Paramount Skydance is exploring a bid to acquire Warner Bros. Discovery, heralding...

Paramount Global has scrapped an auction of Black Entertainment Group as bids from prospective buyers including media mogul Tyler Perry...

Nostalgic news site MTV News is coming to an end, after it became a casualty of the 25% of staff layoffs conducted by Paramount Global....

Today during Paramount Pictures panel at Cinemacon, it was announced that a sequel to the hit 2022 horror film Smile is in development....

Coming off a successful Netflix comedy special, Oscar winning actress and comic Mo'Nique has revealed that she's suing Paramount and CBS...

Media moguls Tyler Perry and Byron Allen aren't the only ones looking to get their hands on BET, because now Diddy is throwing his cap in...

Initially slated for a March 31, 2023 release date, Paramount has opted to move their Ghostface Takes Manhattan slasher Scream 6 to March...