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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

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

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

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

Netflix, as part of its offer to acquire Warner Bros. Discovery’s studios and streaming biz, has pledged to continue releasing WB’s movies in theaters. via: Deadline Bloomberg reported on the news. Sources tell Deadline that it makes sense that Netflix would be required to meet filmmaker contractual obligations from movies absorbed from a potential merger. However, what happens thereafter following a Netflix purchase of Warner Bros, remains unknown. Netflix has used theatrica

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

With a new report coming from Comic Book Movie stating that, should Paramount merge with Warner Bros. Discovery, Paramount's CEO intends to use AI to ramp up the number of films and TV shows produced by the combined studios per year. Now comes word that they also plan on absorbing HBO Max into Paramount+ via: CBM The potential merger between Paramount Skydance and Warner Bros. Discovery presents a lot of intriguing scenarios for the entertainment industry. The possibility of

Paramount Skydance, the media company owned by billionaire David Ellison, is reportedly interested in buying Warner Bros. Discovery, a move that has drawn political attention and concerns over growing influence from the Trump administration. via: CBM Paramount Skydance appears determined to purchase Warner Bros. Discovery, and a new report reveals that the Trump administration is backing billionaire, and Donald Trump ally, Larry Ellison's acquisition. Warner Bros. Discovery C

James Gunn has not announced an "exit" from the DCU, but since rumors are swirling that Warner Bros. Discovery is up for sale he is seemingly addressing his future at that company. via: CBM Ever since Warner Bros. merged with Discovery, Inc., rumors have run rampant about a potential sale of the storied Hollywood company. The rumors started gaining traction when it was revealed that Paramount Global had submitted an offer to purchase Warner Bros. Discovery (an offer that was

Netflix has expressed interest in purchasing Warner Bros. as the company fields offers from multiple media giants. via: CBM Back in June, reports emerged that Warner Bros. was planning a restructuring that would see the company split in two- one company would contain its studio and streaming assets (HBO, Max, Warner Bros. Television & Motion Pictures, and DC Studios) and the other company would house its linear/cable networks (CNN, TNT, Discovery, etc.). The split is targeted

Sounds like Warner Bros. Discovery is for sale after all. via: CBM Earlier this month, word began to spread that the recently-merged Paramount Skydance had made an offer to purchase Warner Bros. Discovery. This initial offer was rebuffed, but we now have confirmation that the company is for sale. In a lengthy press release, WBD CEO David Zaslav revealed that they have received "unsolicited interest from multiple parties" for the entire company, as well as for Warner Bros. sep

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